Japanese gaming large Nintendo on Thursday reported a leap in gross sales and revenue for the 9 months to December, upgrading its full-year revenue forecast on robust demand for its common Switch console. Net revenue for April-December rose 16.four p.c from a yr 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 yr 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 influence of the brand new coronavirus outbreak on manufacturing in China.
“Nintendo Switch Lite launched in September… and Nintendo Switch carried out properly with out shedding momentum, leading to vital gross sales development for the whole Nintendo Switch household,” the corporate mentioned in an announcement.
The Switch Lite retails within the United States at $199.99, in contrast with the Switch’s value of $299.99.
© Thomson Reuters 2020