Nintendo has released their Q1 Financial Report, and it’s looking good for the start of the 2015 Fiscal Year.
Net profits for the company were up by 24% overall, with Nintendo raking in over ¥214.584 million, or $1.7 million this quarter in gross profits.
Most of the report focuses on the strong sales for the Nintendo Wii U.
The Wii U sold a total of 470,000 units during the first quarter, bringing overall sales for the console to 10.6 million units sold. Major software titles such as Super Smash Bros. and Mario Kart 8 continue to lead most of the software sales, adding another 24.40 million units combined during the quarter. Splatoon was also a major success, selling 1.62 million units since May of 2015, providing Nintendo a new franchise.
The Nintendo 3DS also continues to perform well, selling 1 million units during the last quarter, and bringing lifetime sales for the system to 53.1 million units. Amiibo sales are also high for the company, with Nintendo noting their continued success as a crucial part of the companies future. The report states “Nintendo is proposing our new form of amusement that brings together figures and games and making enhancements to compatible software, as well as further enriching the lineup, including developing new amiibo cards and yarn-knitted amiibo. ”
While the overall report was positive, Nintendo still has a way to go to reach their high points of the previous console generation. The Wii U sales are only a tenth of the Wii overall sales, which capped at 101.6 million units. Nintendo’s net sales, while steady, were down 3.8% overall, citing the slowing sales of the Nintendo 3DS as a result of this slight loss.
Overall though, Nintendo had a very good first quarter, continuing their upward trend from the fourth quarter of 2014.
*Note: it was previously reported that Nintendo sold 3.3 million units during the Q1 report. That number was inaccurate, and removed to be edited to the final number of 470,000 shown above.
So is this good news for Nintendo? Are they on the right track? Leave your comments below.