In recent months it has become increasingly obvious that Nintendo is turning its fortunes around, in the minds of gamers at the very least. Titles like Bayonetta 2 won the hearts of critics, while Super Smash Bros. for both Wii U and 3DS have proved to be as enjoyable as initial hype suggested. Still, the question remains — will all of this translate to a financial turnaround too?
Analysts seem to think so. According to a recent Bloomberg report, Nintendo may even triple its profits thanks to Smash Bros., Amiibo figures, and Pokemon. Here are some notable excerpts from the report.
“Nintendo has picked up good momentum heading into the Christmas season,” said Tomoaki Kawasaki, a Tokyo-based analyst with Iwai Cosmo Securities Co., who raised his rating to neutral plus last month. “This time they have a hit lineup. Amiibo represents a new revenue source, and we are watching it very closely.”
“Last year was just a bad year for the game business, and this year is a recovery,” said Hideki Yasuda, an analyst at Ace Research who raised the stock to neutral on Oct. 30. “Add to that Amiibo, and you’re likely to see a considerable improvement in earnings.”
Related: Nintendo Shows Off The Legend of Zelda Wii U at The Game Awards 2014
It remains to be seen if these predictions will come true, but if Bloomberg’s “1 billion yen from Amiibo alone” numbers are accurate, it’s tough to imagine the company won’t be sitting pretty once the holiday months pass.
Of course, there’s more to come after the holidays too. With luck, Nintendo may just keep its new-found momentum going.
[Via: Bloomberg]
