Home
Games
Games News
Switch, Switch Lite Sales Propel Nintendo to Log Nine Month Profit Leap

Switch, Switch Lite Sales Propel Nintendo to Log Nine-Month Profit Leap

Sales of both Switch and the Switch Lite -- a smaller, cheaper version -- are growing steadily.

By Reuters | Updated: 30 January 2020 16:45 IST

Switch, Switch Lite Sales Propel Nintendo to Log Nine-Month Profit Leap

The Switch Lite retails in the United States at $199.99

Highlights

Net profit for April-December rose 16.4 percent
Nintendo revised upward its full-year forecasts
Sales of both Switch and Switch Lite are growing steadily

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 profit for April-December rose 16.4 percent from a year earlier to JPY 196.4 billion ($1.8 billion), with sales for the period up 2.5 percent at JPY 1.0 trillion.

The Kyoto-based firm revised upward its full-year forecasts, now projecting a net profit at JPY 210 billion for the fiscal 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 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, resulting in significant sales growth for the entire Nintendo Switch family," the company said in a statement.

The Switch Lite retails in the United States at $199.99, compared with the Switch's price of $299.99.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.