Nintendo returns to profitability
With Nintendo having shared their third quarter financial results today, the company has happily confirmed that they’ve returned to profit.
Whilst the Christmas sales period wasn’t as strong as anticipated, leading to Nintendo slashing forecasts for Wii U, Nintendo further admitted that increased sales of Nintendo 3DS systems and software wasn’t enough to offset decreasing sales of Wii and Nintendo DS.
In addition, the strength of the yen against the euro saw Nintendo fall foul of an overall 2.4 per cent decrease in sales.
Yet, despite such problems, the company returned to profitability in both ordinary income and net income levels, something that has been driven by “foreign currency exchange gains.”