NTDOY - Nintendo Hits Annual Revenue Target Early as Switch Eclipses 3DS
On Tuesday, Nintendo (OTC: NTDOY) unveiled its results for the nine months ended Dec. 31.
For the period, the veteran video game hardware and software company earned just over 1.4 trillion yen ($13.4 billion). That robust 37% increase on a year-over-year basis fulfills the company's sales target for the full fiscal year. Nintendo's operating profit nearly doubled over that stretch, to 521 billion yen ($5 billion).
Nearly all of that revenue came from sales of Switch hardware and games. The console, a home/portable hybrid, continues to be a top seller despite its age (it was introduced nearly four years ago). In its update, the Japanese company said that nearly 80 million Switches have been shipped around the world.
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Nintendo Hits Annual Revenue Target Early as Switch Eclipses 3DS