Nintendo posts $958M profit but cuts Switch target despite strong Christmas sales

Nintendo lowered its ambitious annual sales forecasts for switches, despite the buoyant third quarter of Christmas. The Japanese video game giant reported net profit of JPY 104.21 billion (US $ 958 million) on revenues of JPY 608.39 billion (US $ 5.59 billion) between October and December 2018. Revenues increased by 26 % yoy This is a success for Nintendo, which recorded its largest operating profit in the third quarter in eight years. The Nintendo Switch is putting an end to the N64's lifetime sales. Nintendo moved a record 9.41 million consoles in the three-month period, up 30 percent year-on-year, to

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