Japan's Nintendo Co Ltd is expected to extend its decade-high earnings streak when it reports fourth-quarter results next week, powered by the hit Switch console which is expanding its reach among locked-down consumers. Nintendo is seen posting an 80% jump in operating profit on May 7 to 54 billion yen ($505 million) for the January-to-March quarter, according to an average of 10 analyst estimates in a Refinitiv poll - a fourth-quarter profit level last seen in the heyday of the Wii console. The earnings will provide official figures for the first 12 days of sales of island ...
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Nintendo "could sell multiples of what is in the inventory at the moment", said Serkan Toto, founder of game industry consultancy Kantan Games
Topics
Nintendo | Sony vs Nintendo | gaming consoles
Reuters |
First Published: Thu, April 30 2020. 13:18 IST
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