This is the best tl;dr I could make, original reduced by 65%. (I'm a bot)OSAKA - Japanese videogames maker Nintendo Co Ltd reported its biggest third-quarter operating profit in eight years, driven by smashing demand for its new Switch games console, and said it expected annual earnings to outstrip its previous estimate.Switch console sales will likely hit 15 million units in the year to March and climb to 20 million next year, Nintendo said, fuelling hopes of a repeat of the success of the first Wii that debuted in late 2006 and sold more than 100 million units."The momentum for Switch over the last 10 months has been stronger than that of the Wii," Nintendo President Tatsumi Kimishima said at an earnings briefing on Wednesday.Nintendo sold 7.2 million Switch consoles in the three months through December and raised its annual sales forecast by a million from an earlier projection of 14 million units.Q3 BLOWS PAST CONSENSUS. Stellar demand for Switch pushed Nintendo's operating profit up almost four-fold to 116.50 billion yen for the third quarter.Nintendo, which relies heavily on Switch to drive its earnings, is looking to diversify its revenue sources by moving into new areas such as smartphone gaming and theme parks with its roster of popular characters.Summary Source | FAQ | Feedback | Top keywords: Nintendo#1 Switch#2 million#3 year#4 Sales#5Post found in /r/technology and /r/business.NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
This is the best tl;dr I could make, original reduced by 65%. (I'm a bot)
OSAKA - Japanese videogames maker Nintendo Co Ltd reported its biggest third-quarter operating profit in eight years, driven by smashing demand for its new Switch games console, and said it expected annual earnings to outstrip its previous estimate.
Switch console sales will likely hit 15 million units in the year to March and climb to 20 million next year, Nintendo said, fuelling hopes of a repeat of the success of the first Wii that debuted in late 2006 and sold more than 100 million units.
"The momentum for Switch over the last 10 months has been stronger than that of the Wii," Nintendo President Tatsumi Kimishima said at an earnings briefing on Wednesday.
Nintendo sold 7.2 million Switch consoles in the three months through December and raised its annual sales forecast by a million from an earlier projection of 14 million units.
Q3 BLOWS PAST CONSENSUS. Stellar demand for Switch pushed Nintendo's operating profit up almost four-fold to 116.50 billion yen for the third quarter.
Nintendo, which relies heavily on Switch to drive its earnings, is looking to diversify its revenue sources by moving into new areas such as smartphone gaming and theme parks with its roster of popular characters.
Summary Source | FAQ | Feedback | Top keywords: Nintendo#1 Switch#2 million#3 year#4 Sales#5
Post found in /r/technology and /r/business.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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