Nintendo has seen some tough financial times lately, reporting a fiscal loss in 2011 and 2013, and losing $90 million in quarter one, but CEO Satoru Iwata says a return to profitability is on the way, and analysts agree! According to a poll of analysts surveyed by financial data provider Quick, Nintendo is expected to earn a net profit of ¥6.8 billion ($63 million) for quarter two, which is July 1 – September 30.
While this wouldn’t quite erase the quarter one loss, it’s a great start to their financial turnaround, and gives them some momentum heading into the holiday season where they’re sure to get a boost from
Super Smash Bros. for Wii U and Pokémon Omega Ruby and Alpha Sapphire. Sales of New Nintendo 3DS in Japan should help as well. We’ll have the official numbers from Nintendo soon, so keep your eyes peeled!