Nintendo reports 30 percent rise in profits in Q2 as Switch sales drive earnings

Nintendo has reportedly sold 5.07 million of its Switch consoles over April-September 2018.


Japan’s Nintendo Co Ltd reported a 30 percent rise in second-quarter operating profit on Tuesday, albeit missing analyst estimates, as sales of Switch hardware and games drive its earnings recovery.

Nintendo reports 30 percent rise in profits in Q2 as Switch sales drive earnings

Nintendo Switch.

July-September profit reached 30.9 billion yen ($274.11 million), the Kyoto-based gaming company said. That compared with a 36.6 billion yen average of seven analyst estimates, Refinitiv data showed.

Nintendo sold 5.07 million of its Switch consoles over April-September. It maintained its sales forecast for the year ending March at 20 million consoles.

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