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Nintendo seen extending profit streak as housebound consumers switch on

Nintendo "could sell multiples of what is in the inventory at the moment", said Serkan Toto, founder of game industry consultancy Kantan Games

Nintendo | Sony vs Nintendo | gaming consoles

Reuters  |  Tokyo 

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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First Published: Thu, April 30 2020. 13:18 IST