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Nintendo's second-quarter profit doubles as Switch Lite delivers boost uk.reuters.com

posted by  AkihabaraBot | 5 years, 9 months ago

TOKYO/OSAKA (Reuters) - Nintendo Co Ltd’s (7974.T) second-quarter operating profit more than doubled, blowing past analyst estimates, on strong demand for its Switch console.
REUTERS/Mike Blake/File PhotoNintendo sold 4.98 million units of its hybrid home-portable Switch device in the six months to September and 1.95 million handheld-only Switch Lite units that went on sale in September.
It would be “premature” to raise Nintendo’s full-year hardware sales forecast for Switch from 18 million units, CEO Shuntaro Furukawa told reporters in Osaka.
Nintendo’s operating profit for the July-September quarter was 66.8 billion yen ($615 million) versus 30.9 billion yen a year earlier.
That was well above an average forecast of 50 billion yen from 10 analyst estimates compiled by Refinitiv.