Nintendo President Responds To Weak Nintendo Switch Launch Lineup Complaint

Japanese electronics giant Nintendo has more than doubled its profits in the third quarter due to the sales of its Pokemon game software.

As for Nintendo's consoles, the 3DS has seen some success, while the Wii U continues to miss the numbers.

Nevertheless, projected income from investments and a weaker yen allowed it to nearly double its net profit forecast to 90 billion yen.

Japan's Nintendo Co Ltd on Wednesday said it plans to release two or three smartphone games every year in the hope of stabilizing earnings still highly dependent on its volatile games console business.

Early demand for Nintendo's (NASDAQOTH:NTDOY) new game console is looking very strong.

Apple Crushes Expectations, Prints Highest Quarterly Revenue Ever — AAPL Stock
It meant that earnings were up 3% on the same period previous year , with earnings of $3.36 per share recorded. Outlook: Apple expects sales of $52.5 billion in the current quarter, based on the midpoint of its guidance.

Nintendo shares, which rose 46 percent in 2016, fell 1.9 percent on Tuesday to close at 23,120 yen in Tokyo. That area could be used for the Nintendo Switch when it releases on March 3. The report states: "On the other hand, for the Wii U console, we planned to ship 0.8 million units this fiscal year, based on our forecasts of comprehensive demand for Nintendo hardware".

Mario more than made the rounds on the system as well, with games like Super Mario Maker, Super Mario 3D World and New Super Mario Bros.

Nintendo shut the portal on Wii U model and is set to reveal a new console next month. So, if I'm a lonely Wii U owner who really wants to play Zelda: Breath of the Wild and would pre-order the Nintendo Switch just to be able to enjoy the game using the latest technology, I physically can't do so anyway. As a effect, Wii U has only sold about 14 million units since its launch in 2012.

The firm makes about 75% of its sales outside of Japan.

Its next own-brand mobile title, Fire Emblem, will be released by the end of March, but it has pushed back another title, Animal Crossing, until later in the year to focus on Fire Emblem and Super Mario Run, the company said. The company said it expects the yen to trade at 110 yen per dollar, compared with a previous outlook for 100 yen.

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