Nintendo’s Iwata aims for $1.1 billion profit in 2013

Nintendo has suffered a loss over its last two fiscal years with Satoru Iwata at the helm, but at an analyst presentation meeting on Thursday, the company president set a goal of $1.1 billion profit for the fiscal year starting in April.

How is Iwata going to make this happen? For one, Nintendo’s software lineup should be a lot stronger this year than in 2012, when the Wii was being fazed out and the Wii U was just being introduced. Just last week, Nintendo came out with a bevy of software announcements, including plans for Mario and Zelda games on Wii U, as well as Bayonetta 2 and a Yoshi game.

There’s also a pair of new Pokémon games on the horizon that promise to be big sellers for the 3DS. Iwata announced that he plans on bringing together Wii U and 3DS development teams, which could indicate increased connectivity between the two systems. That could lead to a boost in sales on both the handheld and console fronts.

Even with Nintendo’s promising 2013 lineup, that’s still quite a lofty goal that Iwata is setting. Let us know whether you think Nintendo can hit it or not in the comments.

About the author: Aaron Yorke
Aaron Yorke.
Aaron is a big Nintendo fan living in suburban New Jersey. While his favorite game publisher hasn’t been very consistent in putting out legendary offerings lately, he’ll always come back to his...  Read more...

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