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ICStats said:
sethnintendo said:

I'm pretty sure they made some decent money from Amiibo sales and not peanuts.

Low $10s of millions is peanuts for a billion dollar company.

By September 2016, Nintendo reported that 39 million Amiibo had been sold, along with 30.6 million Amiibo cards

https://en.wikipedia.org/wiki/Amiibo

Probably more than low $10 millons of dollars in profit.

I'm with you though that the sales are down now.  They might be able to ride the wave a little more if the Switch takes off but the market is mainly just people buying figurines of their favorite characters for display than to use in actual game consider amiibo use has always been very limited.