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Nintendo Officially Ends Wii U Production in Japan

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Nintendo profit rises, buoyed by weak yen

Nintendo's mobile division was also brushed over, with exact revenues from Miitomo and Super Mario Run left undisclosed.

The American boss expressed that the same mistake won't be repeated as the company is well prepared with the supply chain issues which arise with Nintendo NES classic a year ago.

The company's profits jumped to 64.7bn yen in the three months to December 2016, surpassing analysts' predictions of 20bn yen, up from 29.1bn in the previous period.

Nevertheless, projected income from investments and a weaker yen allowed it to nearly double its net profit forecast to 90 billion yen. The Switch is arriving in stores on March 3, which gave Nintendo less than two months of lead time between when pre-orders opened up and launch day. With Nintendo getting ready to ramp up production, we can probably expect to see many retailers announcing pre-orders in the coming weeks - just be prepared to act quickly when they do.

Still, it continues to regard mobile gaming primarily as a means of luring players to its mainstay consoles.

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"You can tell customers have huge expectations based on how Switch reservations are doing", Kimishima said at a briefing. Nintendo sold 196,000 units in the U.S.at a price of $60 during November, researcher NPD reported last month. The company projects a January-March operating loss as it spends heavily to sell its latest game system, the Switch.

The argument then goes to the stocks of Nintendo and what decisions should be made to keep the business going.

"2017 is Nintendo's most critical year in decades".

Nintendo is assuming exchange rates of 110 yen to the dollar and 120 yen to the euro, compared with 100 and 115 before.

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