Although Nintendo incurred a massive loss initially with the release of the Nintendo Wii U, a console that’s only managed to sell 13 million units after being released approximately four years ago, Nintendo has still managed to turn a profit this past fiscal year. On Wednesday, the Japanese Video Game company reported a 16.5 billion yen ($148 million) net profit for their fiscal year ending March.
The low net profit can be attributed to many factors such as dwindling Nintendo Wii U/3DS sales, dwindling software sales, and a harsh foreign exchange rate. Despite these losses, Nintendo expects it’s profits to more than double this current fiscal year to 35 billion yen. Nintendo also reported that their upcoming console code-named Nintendo NX, will release next year instead of this year.
Instead of the Nintendo NX being the main focus of this year’s E3, a annual video game conference held in Los Angeles, the video game publisher reported that their upcoming installment in the Legend Of Zelda franchise will be the main attraction. Nintendo also stated that the lasest installment in the Legend of Zelda franchise will be pushed to next year and will be released for the Nintendo Wii U and Nintendo NX.