In their latest financial report covering the three month period ended June 30th, Nintendo confirmed they managed to earn a profit of 8.62 billion yen ($88 million USD) versus a loss of 17.2 billion yen ($176 million USD) last year. However, quarterly sales dropped 3.8 percent to 81.5 billion yen ($832.8 million USD).
Nintendo notes that nearly 64 percent of this revenue was in fact generated outside of Japan, meaning the company is finally gaining valuable momentum in overseas markets like the U.S. and Europe. Digital sales accounted for 12.4 percent of the total revenue.
Nintendo attributes the change in fortunes to strong 3DS software sales last fiscal quarter, but analysts would rather point to the weaker Japanese yen as the main reason the console giant managed to post net income despite the slip in sales mentioned earlier. Indeed, Nintendo's combined hardware sales alone have dropped: 3DS hardware sales fell 25 percent year-on-year to 1.4 million units, while the company only managed to sell 160,000 Wii U consoles worldwide during this past quarter. This breaks down to 90,000 units sold in Japan, 60,000 in the U.S. and 10,000 for the "rest of the world."
To be sure, Nintendo's 3DS software sales grew 49 percent year-on-year to reach 11 million units on account of some smokin' performance from titles like Animal Crossing: New Leaf. Sales for New Leaf have now hit over 5 million units worldwide since it first launch in Japan. Other 3DS million sellers include Luigi's Mansion: Dark Moon (2.65 million units) and Tomodachi Collection (1.39 million).
Considerably less smokin' was Nintendo's Wii U business. Lifetime sales for Wii U hardware currently sit at some 3.61 million units worldwide, a far cry from the 5.5 million unit goal Nintendo originally set... for March 31st. Compare this to the 32.48 million 3DS handhelds sold worldwide to date! Wii U software sales meanwhile plummeted 51.3 percent year-on-year to 1.03 million units last quarter.
The company is staying course with its forecast of 100 billion yen ($1.02 billion USD) in operating income and 55 billion yen ($563 million USD) in net income for the current fiscal year. Nintendo predicted back in April that they would sell 9 million Wii U consoles worldwide before end of the fiscal year, while 3DS hardware sales would hit 18 million units.