Nintendo has $4.5 billion in the bank and $9.67 billion in assets; generated over $220 million in profits in Q2
Posted on October 30, 2014 by Brian(@NE_Brian) in News
Things are looking up for Nintendo. Wii U sales rose in the last financial quarter, and the company is currently profitable.
Gamnesia also points out that, at the moment, Nintendo has ¥487,559 million ($4.5 billion) in cash and deposits. Throwing in short term investments like budgets for games on the horizon and other factors means that current assets are valued at ¥1,045,765 million ($9.67 billion).
The good news doesn’t end there! During the second financial quarter, Nintendo saw a net profit of $132 million. The company experienced a loss of $90 million in the first quarter, so Nintendo ended up gaining roughly $222 million in quarter two.
