Nintendo lost approximately $193 million last year but is now recovering after releasing the game Super Smash Bros and a recent line of interactive action figures called Amiibo. Eight analysts have estimated the company is on the verge of tripling its profit in the next year to up to 36.8 billion yen.
This would mean that Nintendo president Satoru Iwata, who did not want his games to be available on other devices like smartphones or tablets, except on the Nintendo devices, has won.
Super Smash Bros and Mario Kart 8 have become more increasingly popular recently and the company based in Kyoto predicts that it will sell approximately 3.6 million Wii U consoles and make $1 billion from selling the Amiibo figurines. Nintendo officials predict these sales will be in US alone.
An analyst from Tokyo said that it will be a very good season for Nintendo this year. He said that the Amiibo toys will become Nintendo’s new revenue source.
The Wii U did not sell very well when it was launched in 2012 because it was released among other important devices from Sony and Microsoft. Nintendo president Iwata was against making the Nintendo games available for other devices like smartphones and tablets, especially since it was Nintendo’s second year without making any profit in almost twenty years.
When Nintendo released the Wii U in 2012, the company had 23 titles on the US market. According to the official website, Nintendo currently has 53 games available, compared with 410 on the previous Wii.
Recently, Nintendo has been successful thanks to the Mario games and experts expect the consoles to sell very well by the end of this year and the beginning of 2015.
Super Smash Bros available for Wii U sold more than 490,000 units in three days following its US release, making it a new record for the Nintendo console. Mario Kart 8 sold approximately 3.49 million units since May, and 2.74 million units outside of Japan.
Nintendo put its faith in the two game titles and its recent Amiibo toys to reach a new sales target for this year of 3.6 million sold consoles.