Nintendo expects 27% annual profit jump on strong Switch sales

Japan’s Nintendo Co Ltd said on Thursday which expects operating profit to rise 26.7 percent within the year through March to a nine-year high, as its Switch games console maintains sales momentum in its second year.

Nintendo estimated profit to reach 225 billion yen ($2.06 billion) through 177.56 billion yen a year prior. If achieved, which could be Nintendo’s highest operating profit since the year ended March 2010.

The outlook compared with the 308.72 billion yen average of 21 analyst estimates in a survey by Thomson Reuters I/B/E/S.

Kyoto-based Nintendo will be aiming to sell 20 million Switch consoles within the financial year began April, confirming its previous forecast made in January.

Sales of the hybrid home-portable console reached 15 million units within the year ended March, bringing the cumulative total to 17.8 units since its global Discharge in March last year.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nineteen − eighteen =