If you were a Nintendo fan before the Switch became a massive success, you’ll probably remember all the doom and gloom surrounding Nintendo when the Wii U was still alive.
5 years ago on January 30, late Nintendo President Satoru Iwata told investors at the third quarter fiscal briefing that he aimed to reach 100 billion yen (USD934 million) in operating profit by the next fiscal year. As we know, that didn’t happen.
Keep in mind those were very turbulent times for Nintendo and it was essentially an uphill battle for Iwata. Not only was the Wii U facing a software drought, Nintendo experienced its first losses in many years.
During the third quarter fiscal briefing held in January 2018, Nintendo reported it had hit 156.4 billion yen (USD1.46 billion) in operating profit and 875 billion yen (USD8.17 billion) in sales, thanks to the success of Nintendo Switch.
Although Iwata isn’t with us today, we’d like to congratulate him, current Nintendo President Tatsumi Kimishima, and the rest at Nintendo for finally accomplishing the goal set in 2013.