Earnings

Nintendo hikes sales forecast of Switch console to 15.5 million units

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Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.

Charly Triballeau | AFP | Getty Images

Nintendo said on Tuesday it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast, after it beat market expectations for December quarter profit and revenue.

The Japanese gaming giant previously forecast sales of 15 million Switch consoles in the current fiscal year which ends in March.

Here’s how Nintendo did in its fiscal third quarter, from October to December, versus LSEG estimates:

  • Net sales: 598.6 billion Japanese yen ($4 billion) versus 568.7…



Source cnbc.com

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