Nintendo boosts profit predictions as Switch hardware, games outperform - News Summed Up

Nintendo boosts profit predictions as Switch hardware, games outperform


The company now predicts it will sell 14 million Switch units in the period, up from 10 million. Nintendo raised its operating profit outlook to 120 billion yen ($1.3 billion) from 65 billion yen for the current fiscal year through March. Revenue is now forecast at 960 billion yen, up from 750 billion yen. Despite increasing its full-year Switch software sales forecast, Nintendo is still being conservative, according to Morningstar’s Ito. Income attributed primarily to Pokemon Go was 3.1 billion yen, down from 3.3 billion yen in the previous period.


Source: thestar October 30, 2017 15:45 UTC



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