Nintendo Beats Profit, Lifts Forecast on Pokemon Ahead of Switch

Nintendo Beats Profit, Lifts Forecast on Pokemon Ahead of Switch

Nintendo Beats Profit, Lifts Forecast on Pokemon Ahead of Switch

Super Mario Run, the group's first mobile gaming app, was released in December a year ago and has seen 78m downloads so far.

In its latest earnings report, Nintendo noted that the console saw a 75 decrease in hardware sales compared to the same period past year and a 45 percent decrease in software.

Nintendo has detailed its financial results for the nine-month period ended December 2016 and reported total sales as $2.7 billion.

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In other Nintendo iOS news, the upcoming unnamed Animal Crossing title on iOS has been delayed until sometime during Nintendo's next fiscal year, which begins in April.As a result, the company raised its full-year profit forecast to 90bn yen from its previous projection for 50bn yen. Profit was up more than 153 percent, coming in at $909 million.

Speaking of which, according to Wall Street Journal's Takashi Mochizuki, Nintendo's president says that Switch pre-orders are looking good, and the company will be increasing production of the new console.

If you've been having issues pre-ordering a Nintendo Switch, then you might be pleased to hear that Nintendo is planning to ramp up production. The biggest test is whether its core idea of portable and home gameplay will resonate with consumers.

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"The Switch changes more for Nintendo than many people think".

Nintendo has just over a month to make as much stock as possible. Nintendo expected only adults between 30-40 years who grew up playing NES as a kid would buy Nontendo Switch.

Nintendo is assuming exchange rates of 110 yen to the dollar and 120 yen to the euro, compared with 100 and 115 before.

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