Breaking News

RICOH announces development of GR IV PNY Reveals microSD Express microSD Flash Memory Cards for Nintendo Switch New Intel Xeon 6 CPUs to Maximize GPU-Accelerated AI Performance G.SKILL Shows Off High performance memory kits at Computex 2025 TCL launches 2025 QD-Mini LED TV lineup in the UAE, ushering in a new era of premium large-screen entertainment

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Nintendo's Earnings Boosted by Switch Console Sales

Nintendo's Earnings Boosted by Switch Console Sales

Gaming Jul 26,2017 0

Nintendo on Wednesday said it swung to a profit in the first quarter due to strong demand for its Switch console.

The firm has said it expects Switch to help more than double its annual operating profit and end an eight-year sales decline that dogged its previous offering Wii U.

The company reported an operating profit of 16.21 billion yen ($144.95 million) for the three months through June, from a year-ago loss of 5.13 billion yen.

Nintendo reiterated its 65 billion yen operating profit forecast for the year ending March. It also kept its Switch sales forecast for the year at 10 million units.

The company sold 1.97 million Switch consoles in the three months through June, bringing the cumulative total to 4.7 million units. Demand has been so strong that Nintendo has found it difficult to keep up as queues get longer outside stores. The company has apologized for the shortage of Switch in Japan and pledged to raise production.

New mobile titles, such as Super Mario Run and Fire Emblem, drove first-quarter revenue from mobile gaming and related merchandise to 9 billion yen, from 1.6 billion yen a year ago.

Tags: Nintendo
Previous Post
Kaspersky Lab Launches Free Antivirus Software
Next Post
GPUs and Ryzen Processors Help AMD's Financial Figures

Related Posts

  • Nintendo releases Switch Firmware v20.0.0

  • Nintendo Maintains Nintendo Switch 2 Pricing, Retail Pre-Orders to Begin April 24 in U.S.

  • Nintendo announces Switch 2!

  • Nintendo celebrates Mar10 Day with games, movie news and a variety of Mario-themed activities

  • Nintendo offers Super Smash Bros. Ultimate and Nintendo Switch – OLED Model bundle for Black Friday and announces other holiday deals

  • Nintendo Announces Switch OLED - The Legend of Zelda: Tears of the Kingdom Edition

  • Denuvo launches Nintendo Switch Emulator Protection

  • Game consoles sales booming in Taiwan

Latest News

RICOH announces development of GR IV
Cameras

RICOH announces development of GR IV

PNY Reveals microSD Express microSD Flash Memory Cards for Nintendo Switch
Cameras

PNY Reveals microSD Express microSD Flash Memory Cards for Nintendo Switch

New Intel Xeon 6 CPUs to Maximize GPU-Accelerated AI Performance
Enterprise & IT

New Intel Xeon 6 CPUs to Maximize GPU-Accelerated AI Performance

G.SKILL Shows Off High performance memory kits at Computex 2025
Enterprise & IT

G.SKILL Shows Off High performance memory kits at Computex 2025

TCL launches 2025 QD-Mini LED TV lineup in the UAE, ushering in a new era of premium large-screen entertainment
Consumer Electronics

TCL launches 2025 QD-Mini LED TV lineup in the UAE, ushering in a new era of premium large-screen entertainment

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Dark Rock 5

be quiet! Dark Rock 5

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed