Nintendo Earnings Preview: Time to Switch Things Up
https://wccftech.com/nintendo-earnings-preview-time-to-switch-things-up/
The Nintendo Switch has been a breakaway hit for a company used to sluggish hardware sales, but in the weeks before Nintendo (TYO:7974) reports its year-end earnings investors have a clear message for the company: It's time for the next big thing.
After all, Nintendo's Switch has been on the market since March 2017 -- nearly three years -- and while the console continues to sell well, analysts say it was the "winner" of Black Friday and is well on its way to selling 100 million units, it's nearing the end of its lifespan. While software sales remain solid, per numbers from the UK gaming charts Switch games dominated the rankings, fund managers and investors are really going to want to see strong hardware sales as the company needs to continue to make up for the "lost generation" of the Wii U.