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.

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