All Is Well For Nintendo Once Again, Reports $350 Million Profit As Wii U Sales Up

By Kamal Nayan - 07 May '15 13:43PM

Nintendo shared the financial results of the fiscal year ending March 31 in which the company made a small operating profit of ¥24.8 billion ($207 million, £136 million). The company was having a hard time after posting its first annual loss in 30 years in 2011.

In the results, the company reported sales of $4.61 billion.

In this fiscal year it sold 3.4 million units of Wii U, up from 2.7 million units the company sold in the prior fiscal year. Wii U software sales also hit 24 million units, up from nearly 19 million in the previous year.

Wii U was launched in 2012 for $300 as a family of console that includes a full touchscreen on its controller. It was also firm's first console with HD support and resolutions up to 1080p.

The gaming-firm focused on the sales of 3DS family, shipping 8.73 million units.

Next year, Nintendo is excited about its partnership to bring Nintendo characters to mobile games with DeNA.

In its earnings release, the company said that its Wii U's success was built atop last year's launches of Mario Kart 8 and Super Smash Bros. for Wii U. It added that its first-party titles helped bolster its software business and lured more people to buy Wii U hardware so that they could play those exclusive games.

Stockholders will be paid a year-end dividend.