Nintendo Boosts Nintendo Switch Sales Projection To 15.5M, Fueled By Mario Movie and Zelda Game
Portfolio Pulse from Benzinga Neuro
Nintendo Co Ltd (OTC:NTDOY) has increased its Nintendo Switch sales forecast to 15.5 million units for the current fiscal year, following a strong December quarter. The boost is attributed to the success of the 'Super Mario Bros. Movie' and a new Zelda game. Despite a 6% drop in net sales for the October to December period, net profit rose by 18%. The company plans to release new games featuring Mario characters. Speculation about a new Nintendo Switch model has led to a 14% rise in Nintendo's Tokyo-listed shares.
February 06, 2024 | 9:05 am
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Nintendo has raised its Nintendo Switch sales forecast to 15.5 million units for the fiscal year, driven by the success of the 'Super Mario Bros. Movie' and a new Zelda game. Despite a slight drop in net sales, net profit increased by 18%. The company is also planning new game releases and there is speculation about a new Nintendo Switch model.
The increase in the sales forecast and the success of key franchises like Mario and Zelda are positive indicators for Nintendo's performance. The anticipation of a new Nintendo Switch model could further boost investor interest and stock performance in the short term. The company's ability to grow profits despite a sales dip demonstrates strong operational efficiency.
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