Nintendo set for higher fourth-quarter profit and doubled revenue
Updated
Updated · MarketWatch · May 7
Nintendo set for higher fourth-quarter profit and doubled revenue
7 articles · Updated · MarketWatch · May 7
Analysts expect net profit of 60.6 billion yen and revenue of 419 billion yen for the March quarter, ahead of Nintendo's results due on Friday.
Investors are watching for annual guidance and updates on Switch 2 sales, production and software plans after Nintendo projected 19 million console sales by end-March.
The stock is down 30% this year amid concerns over memory-chip costs, consumer sentiment and Middle East conflict, while investors also seek recovery in intellectual property income.
With memory costs soaring due to the AI boom, is Nintendo's new Switch 2 destined for a major price hike?
As hardware becomes unprofitable, will Nintendo's future rely more on Mario movies and theme parks than on its iconic consoles?