Japanese video game maker Nintendo’s third-quarter profit more than doubled from a year earlier on healthy sales of Pokémon game software, the company said today.
Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported a better-than-expected October-December profit of 64.7 billion yen ($569 million), up from 29.1 billion yen in the same period of 2015.
Kyoto-based Nintendo raised its full-year profit forecast to 90 billion yen ($792 million) from an earlier 50 billion yen ($440 million).
That would mark a more than fivefold increase from what it earned the previous fiscal year.
It kept its sales forecast unchanged at $4.1 billion. Nintendo’s quarterly sales slipped 21% to 174.3 billion yen ($1.5 billion).
Nintendo’s bottom line also was helped by a relatively weak yen, which lifts the overseas revenue for Japanese companies like Nintendo that do much of their business abroad.
Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported a better-than-expected October-December profit of 64.7 billion yen ($569 million), up from 29.1 billion yen in the same period of 2015.
Kyoto-based Nintendo raised its full-year profit forecast to 90 billion yen ($792 million) from an earlier 50 billion yen ($440 million).
That would mark a more than fivefold increase from what it earned the previous fiscal year.
It kept its sales forecast unchanged at $4.1 billion. Nintendo’s quarterly sales slipped 21% to 174.3 billion yen ($1.5 billion).
Nintendo’s bottom line also was helped by a relatively weak yen, which lifts the overseas revenue for Japanese companies like Nintendo that do much of their business abroad.
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