Nintendo’s profit jumps 88% as it nears 20 million Switch sales

Nintendo’s profit jumps 88% as it nears 20 million Switch sales

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/07/31/nintendos-profit-jumps-88/

Nintendo released its latest earnings report today and the headline is that the company has now sold nearly 20 million Switch consoles. The actual number is 19.67 million as of the end of June, so add July sales and the 20 million milestone is likely to have already been hit. Either way, it has easily surpassed its predecessor, the much-maligned Wii U.

Overall, the business recorded a 30.5 billion JPY ($275 million) operating profit, up 88 percent year-on-year, as revenue grew 9 percent to reach 168 billion JPY, or $1.5 billion.