TECH - Nintendo Boosts Nintendo Switch Sales Projection To 15.5M Fueled By Mario Movie and Zelda Game | Benzinga
Nintendo Co Ltd (OTC:NTDOY) has raised its sales forecast for the Nintendo Switch console to 15.5 million units for the current fiscal year. This announcement follows the company’s strong performance in the December quarter.
What Happened: Nintendo’s previous forecast for the fiscal year ending in March was 15 million units, reported CNBC. The company’s net sales for the October to December period fell 6% year-on-year, while net profit surged 18%. Despite the aging of the Switch console, Nintendo managed to maintain its momentum, partly due to the release of the “Super Mario Bros. Movie” and the flagship Zelda game last year.
The “Super Mario Bros. Wonder” game, released in October, sold 11.96 million units, contributing to the overall sales of the aging console. Nintendo plans to launch new games in the first quarter of this year, featuring characters from the Mario world, such as Donkey Kong and Princess Peach.
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