Nintendo Posts Strong 2018-19 Year. Guidance Sends Shares Falling but Switch Coming to China
https://wccftech.com/nintendo-2018-19-results/
Nintendo (TYO:7974) had a mixed 2018-19 year. While targets were beaten within the first quarter, later results saw the company improve year over year, particularly with profit in both the second and third quarters. The fourth quarter has rounded this up well in sales, though not with, bringing in a little over ¥200 billion in net sales, with operating profits of just ¥29bn.
This brings the years total sales of ¥1.2 trillion with operating profits of ¥249.7bn, both showing a strong year over year rise of ¥144.8bn and ¥72.1bn respectively. One particular boon for the company was the sell-through rate of the Nintendo Switch. At the end of the third quarter, the console was on a similar pace to that of last year, to then see a significant boost which kept up its strength. The sell-through of the Nintendo Switch ended 12.7% higher than last year.