Bloomberg: Nintendo Heads for Best Holiday in Years as Profit Seen Tripling

UPDATE: For the Mistranslation for $1 billion figure

"Super Smash Bros. is the first Nintendo title that will also support Amiibo, the interactive figurines that the company is also introducing for the holidays. Amiibo will compete with Activision’s Skylanders franchise and Walt Disney Co.’s Infinity in a category Nintendo calls “toys-to-life.” 

Such interactive toys are set to pull in about $1 billion in sales this year in the U.S., according to Fils-Aimes. The ability to use Nintendo’s figurines in multiple games may draw fans to the $12.99 Amiibo figures, which will later be brought to the 3DS handheld console, he said."

http://www.bloomberg.com/news/2014-11-11/nintendo-says-super-smash-bros-orders-set-wii-u-record.html

The Japanese game maker that lost 23.2 billion yen ($193 million) last year is on a surprising comeback with hit game titles like Super Smash Bros. and a new line of interactive figurines called Amiibo. At least eight analysts raised profit estimates or ratings since September, with the two most recent calling for profit to triple to 36.8 billion yen. 

Such results would mark a vindication of sorts for President Satoru Iwata, who stuck with a strategy of selling his games only on Nintendo devices rather than offering them on smartphones and tablet computers. With Super Smash Bros. and Mario Kart 8 gaining popularity, the Kyoto-based company projects it will sell 3.6 million Wii U consoles this year and take in $1 billion from Amiibo sales in the U.S. alone. 

“Nintendo has picked up good momentum heading into the Christmas season,” said Tomoaki Kawasaki, a Tokyo-based analyst with Iwai Cosmo Securities Co., who raised his rating to neutral plus last month. “This time they have a hit lineup. Amiibo represents a new revenue source, and we are watching it very closely.” 

“Last year was just a bad year for the game business, and this year is a recovery,” said Hideki Yasuda, an analyst at Ace Research who raised the stock to neutral on Oct. 30. “Add to that Amiibo, and you’re likely to see a considerable improvement in earnings.”

http://www.bloomberg.com/news/2014-1...-tripling.html

As much as a nintendo fan i am, im disappointed with the lack of keeping up in demand for amiibos and gcn adapters :-/

The link is broken, if you click on it, it takes you to bloomberg but the page of the article is not available any more.

Awesome!!! The more money they make the better!

Also, holy shit if this happens! "$1 billion from Amiibo sales in the U.S. alone. "

Good stuff :D

http://www.bloomberg.com/news/2014-12-07/nintendo-heads-for-best-holiday-in-years-as-profit-seen-tripling.html

I really wish Nintendo could do small scale projects on Mobile. That would generate a good revenue, to keep their business strong.

Something like Coin Crush.

Only thing mobile they seem to be doing is their emulator thing it seems

Great news. I hope they end the fiscal year with a good profit margin so the analysts stop to presure them to release their games on mobile platforms.

god are they serious?