Nintendo CEO Shuntaro Furukawa stated the gaming firm has no plans to launch a brand new Switch mannequin this 12 months. Nintendo launched a handheld-only model of its hit console in September, driving demand for the hit system by means of the year-end buying season.
There have been media experiences the corporate is making ready an upgraded model of the Switch. Nintendo’s shares had been buying and selling down four p.c on Friday morning, a day after the corporate upgraded its Switch gross sales forecast for the 12 months ending March to 19.5 million models – a quantity seen as conservative by many analysts.
To recall, the Japanese gaming large on Thursday reported a leap in gross sales and revenue for the 9 months to December, upgrading its full-year revenue forecast on sturdy demand for its in style Switch console.
Net revenue for April-December rose 16.four p.c from a 12 months earlier to JPY 196.four billion ($1.eight billion), with gross sales for the interval up 2.5 p.c at JPY 1.zero trillion.
The Kyoto-based agency revised upward its full-year forecasts, now projecting a web revenue at JPY 210 billion for the fiscal 12 months to March, in contrast with its earlier estimate of JPY 180 billion. But it left its annual gross sales forecast unchanged at JPY 1.25 trillion.
Sales of each its common Switch platform and the Switch Lite — a smaller, cheaper model — are rising steadily with highly effective titles, together with the Pokemon collection, although analysts are weighing the attainable affect of the brand new coronavirus outbreak on manufacturing in China.
“Nintendo Switch Lite launched in September… and Nintendo Switch carried out effectively with out shedding momentum, ensuing in important gross sales development for all the Nintendo Switch household,” the corporate stated in an announcement.