Nintendo reports profit but there is no news at the moment regarding who will be the next president of the company. Nintendo returned to profit for this first quarter, mainly because of cost control and the very strong success of the new Splatoon game. Splatoon is a new game exclusively for the Wii U console.
The company behind the highly successful Super Mario franchise has yet to appoint a new president, as successor to the late Satoru Iwata, who died earlier this month because of cancer.
Wednesday, Nintendo reported a quarterly profit of $67 million to the end of June, turning around from a serious loss in the last year. The Nintendo sales have increased by 21 percent. The reported profit was the first in five years for the gaming company.
The initial sales of the game Splatoon, in which users control humanoid squids have been incredibly strong. Since May, the game sold 1.62 million copies. This alone helped to increase the software sales in the first quarter for the Wii U console from 4.39 million last year to 4.55 million. However, the sales for the console itself fell from 510,000 units to 470,000 units.
The improved performance of the company was also assisted by a serious demand for amiibo figurines. The amiibo figurines make use of near-field communication in order to interact with software when they are put against the Wii U console. The popular gaming company is currently developing a new console as well. The new console from Nintendo is called the NX, at least for the time being.
Nintendo didn’t provide any update on Wednesday regarding who will succeed Satoru Iwata as the president of the company. The two other directors on the board, Genyo Takeda and Shigeru Miyamoto (the brilliant mind behind games such as Super Mario and The Legend of Zelda) have been running the gaming company since the demise of Mr. Iwata.
Experts say that this problem will play an important role in Nintendo’s image until a new president will be announced. A new strong president will have to steer the shift of the company into mobile devices. Nintendo kept its forecasts the same saying it anticipates the operating profit to double for the year until March 2016. However, net profit is expected to drop by 16 percent.
The shares in the Nintendo gaming company have closed down on Wednesday on 1.1 percent, before the results of the announcements.
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