Nintendo says full-year profit up nearly 40% on strong game sales

phys.org | 1/31/2019 | Staff
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Nintendo said Thursday its full-year net profit jumped nearly 40 percent, lifted by strong sales of blockbuster game titles for its popular Switch console.

The Kyoto-based games giant said "Pokemon" and "Super Smash Bros" gave an extra boost for the year as its shares surged on expectations of its launch of Switch games in China.

Nintendo - Profit - Year - March - Percent

Nintendo's net profit for the fiscal year to March rose 39.0 percent from a year earlier to 194 billion yen ($1.7 billion), on sales of 1.2 trillion yen, up 13.7 percent.

"The results for this fiscal year showed strong software sales for Nintendo Switch, which contributed to the expansion of hardware sales," the firm said in a statement.

Super - Smash - Bros - Ultimate - Sales

In particular, "Super Smash Bros. Ultimate" recorded sales of nearly 14 million units, while "Pokemon Let's Go, Pikachu!", and "Pokemon Let's Go, Eevee!" sold more than 10 million units, it said.

For the current fiscal year to March next year, Nintendo forecasts its bottom-line profit would decline by 7.2 percent but set a higher sales target.

Nintendo - Sales - Switch - Hardware - Percent

Nintendo said sales of Switch hardware are projected to rise six percent to 18 million units for the current fiscal year with plans to release "Super Mario Maker 2",...
(Excerpt) Read more at: phys.org
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