The holiday quarter was a good one for Nintendo, which reported today that it brought in ¥272 billion in revenue (roughly $2.3 billion) during the three month period ending on December 31. The company turned a quarterly profit of ¥45 billion, or around $38.4 million, thanks to reasonably strong holiday hardware and software sales.
The company sold a little more than 1.9 million Wii U units over the holiday quarter, and almost 5 million handheld consoles from its 3DS lineup. Handheld sales were boosted by the introduction of the New 3DS and New 3DS XL in Japan during the quarter. Nintendo will be making those models available to other markets next moth, with the New 3DS XL launching in the U.S. on February 13.
Still, its home console business can’t hold a candle to the competition from Microsoft and Sony. Microsoft sold 6.6 million Xbox consoles during its holiday quarter, which dwarfs the 7.2 million Wii U units Nintendo has sold over the course of its console’s entire existence.
Nintendo has modified its financial forecast to indicate that it expects to turn an annual profit of ¥30 billion, or around $255 million, by the end of its fiscal fourth quarter in March. That’s up from an annual loss of more than ¥23 billion last year. Nintendo reduced its overall revenue projection for the year by ¥40 billion to ¥550 billion.