Nintendo hikes sales forecast of flagship Switch console to 15.5 million units

Nintendo hikes sales forecast of flagship Switch console to 15.5 million units


Nintendo has stored gamers excited about its ageing Switch console sequence via key video games with characters akin to Super Mario and Zelda.

Charly Triballeau | AFP | Getty Images

Nintendo mentioned it now expects to promote 15.5 million of its flagship Switch consoles in its present fiscal 12 months, upping a earlier forecast, after it beat market expectations for December quarter revenue and income.

The Japanese gaming big beforehand forecast sales of 15 million Switch consoles within the present fiscal 12 months which ends in March.

Here’s how Nintendo did in its fiscal third quarter versus LSEG estimates:

  • Net sales: 598.6 billion Japanese yen ($4 billion) versus 568.7 billion yen anticipated
  • Net revenue: 136.7 billion Japanese yen versus 130.3 billion yen anticipated

Fans and traders are waiting for when Nintendo will launch a successor to its near 7-year old Switch console. Analysts who spoke to CNBC mentioned they expect a new Nintendo Switch to come out this year.

The Japanese gaming big has managed to hold momentum up just lately thanks to the discharge of the “Super Mario Bros. Movie” and the flagship Zelda recreation final 12 months, which boosted interest in the Switch and helped sales of the ageing console.

Tokyo-listed Nintendo shares are up round 14% this 12 months already amid a broader rally in Japanese shares and as traders guess the gaming agency will launch a brand new console quickly.

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