Nintendo's back in the black but the original Wii is still outselling Wii U
30th Jan 2013 | 14:55
And the 3DS isn't doing much better
In fact, the original Wii console is still selling more units than its successor, with the older machine selling 3.53 million units since November and the Wii U shifting 3.06 million.
Still, for Nintendo to be making money is reassuring as this time last year it was a different story: the Wii was ageing, the Wii U was months away and the 3DS was not selling as well as the company had expected.
Nintendo sheepishly announced its first ever loss and the doomsayers had a field day predicting apocalyptic things for the Mario-maker.
But today the company announced that it made a net profit of Y14.5bn (around £101m, $159m, AU$152m) in the first nine months of the current financial year, compared to a loss of Y48bn (£333m, $526m, AU$504m) this time last year.
So the coffers are looking fat(ish) but Nintendo's not splashing out on Veuve Cliquot and Rolexes just yet - it has decided to cut its forecasts for the Wii U and Nintendo 3DS in the coming months.
"While Nintendo saw year-on-year increases in the sales of Nintendo 3DS hardware (up 11 per cent year-on-year) and software (up 41 per cent year-on-year), those gains were not enough to offset decreased sales of Wii and Nintendo DS hardware and software," it explained in a statement.
As such, Nintendo has said that it only expects to have sold 4 million Wii U consoles by the end of March 2013, as opposed to its original estimation of 5.5 million - it has sold around 3.06 million to date.