Nintendo posts $958M profit but cuts Switch target despite strong Christmas sales

TechCrunch | 1/31/2019 | Staff
moemajor (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2017/12/27-switch.jpg?w=612

Nintendo has cut its ambitious annual Switch sales forecast despite enjoying a strong Christmas Q3 quarter.

The Japanese games giant recorded a 104.21 billion JPY ($958 million) net profit on revenue of 608.39 billion JPY ($5.59 billion) between October and December 2018. Revenue was up 26 percent year-on-year, which is an impressive feature given that quarter was a successful one for Nintendo, yielding its biggest operating profit in a Q3 for eight years.

Nintendo - Switch - Sales - N64 - Nintendo

The Nintendo Switch is now closing down on lifetime sales of the N64. Nintendo shifted a record 9.41 million consoles during the three-month period, up 30 percent annually, to take it to 14.49 million this financial year, which began in April 2018. However, despite a success last quarter, likely helped in no small amount by Christmas, Nintendo has trimmed its ambitious...
(Excerpt) Read more at: TechCrunch
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