In what is normally a lean quarter, Nintendo is seen posting an April-June profit surge at 71 billion yen , according to Refinitiv SmartEstimate, based on the estimates of 12 analysts.
In what is normally a lean quarter, Nintendo is seen posting an April-June profit surge at 71 billion yen , according to Refinitiv SmartEstimate, based on the estimates of 12 analysts. That would compare with 27.4 billion yen a year earlier. Sales of “Animal Crossing” likely reached eight million units in the quarter, said Citigroup analyst Kota Ezawa, who sees total sales for the title reaching 20 million units.
Momentum for the Kyoto-based gaming firm, whose shares hit a 12 year high in July, is being tempered by worldwide shortages of the hybrid home/portable Switch and portable-only Switch Lite.Paper Mario: The Origami King"Even if they announce a big first-party game tomorrow, the release is going to be at least two months away," said Serkan Toto, founder of game industry consultancy Kantan Games.
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