Buy Yourself Some Nintendo Co., LTD (ADR) Stock for the Holidays
Nintendo is still flying under the radar despite knockout Switch sales
By Matt McCall
As of the end of September, Nintendo had already shipped 1.7 million units of SNES Classic Mini Console.
Nintendo had previously forecasted 10 million Switches sold in its first year on the market, but after this latest report management upped their projections to 14 million — that’s more units than the Wii U sold in its entire five-year lifespan.
So far, there have been approximately 7.6 million Switches sold.
Management also noted that one-fourth of the people who bought the Switch also purchased the Super Mario Odyssey game.
The company now expects net sales of 750 billion yen, up 28% from previous forecasts, and operating profit of 120 billion yen, an 84% increase from the original estimates.
Source: Money Wire
https://investorplace.com/2017/11/buy-n ... gcFmmiCyM9
