wiiu

Nintendo turned its first annual profit since 2011, posting operating income of 24.8 billion yen, or $207 million, cutting costs to move itself into the black despite a decrease in revenue for the year ended in March.

The results came despite meager results for the Wii U console, which sold 340,000 units in the quarter, compared with 2.8 million units for Sony’s PlayStation consoles and 1.6 million Xbox consoles sold by Microsoft during the quarter.

The company, which has its North American headquarters in Redmond, Wash., also pointed ahead to the financial impact of its move into smartphone games, through a partnership announced in March. In its earnings release, Nintendo said “a new source of revenue is expected from a gaming application for smart devices which will be released this year.”

Separately today, the company announced a partnership with Universal Parks & Resorts to develop Nintendo experiences at Universal theme parks.

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