Switch, Switch Lite Sales Propel Nintendo to Log Nine-Month Profit Leap. Japanese gaming giant Nintendo on Thursday reported a leap in sales and profit for the nine months to December, upgrading its full-year profit forecast on strong demand for its popular Switch console

Japanese gaming giant Nintendo on Thursday reported a leap in sales and profit for the nine months to December, upgrading its full-year profit forecast on strong demand for its popular Switch console. net income for April-December rose 16.4 percent from a year earlier to JPY 196.4 billion ($1.8 billion), with sales for the amount up 2.5 percent at JPY 1.0 trillion.

The Kyoto-based firm revised upward its full-year forecasts, now projecting a net income at JPY 210 billion for the financial year to March, compared with its earlier estimate of JPY 180 billion.

But it left its annual sales forecast unchanged at JPY 1.25 trillion.

Sales of both its regular Switch platform and therefore the Switch Lite -- a smaller, cheaper version -- are growing steadily with powerful titles, including the Pokemon series, though analysts are weighing the possible impact of the new coronavirus outbreak on production in China.

"Nintendo Switch Lite launched in September... and Nintendo Switch performed well without losing momentum, leading to significant sales growth for the whole Nintendo Switch family," the corporate said during a statement.

The Switch Lite retails within the us at $199.99, compared with the Switch's price of $299.99.

© Thomson Reuters 2020
Axact

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