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ICStats said:

Hard to say for sure, but you could look at it this way...

- Should 3DS by itself be profitable?  Seems likely.
- Has Nintendo overall been *profitable since Wii U released?  No.

Therefore IMO Wii U has likely not made a profit to date, it's eaten 3DS's profit.

* Profitable as in Operating Profit, i.e. profit from video game operations not from investment income, exchange rates, etc.

Yeah, that's the impression I've gotten as well.