NTDOY stock is up 6.7% on the news. Detective Pikachu is scheduled for a worldwide release in March 2018, one of only three major Nintendo 3DS titles coming out in 2018. Revenue was 483 billion yen in the quarter, compared with the prediction for 452 billion yen. The company's earnings reports indicate that Nintendo experienced a 261% revenue bump from past year.
It has released four smartphone titles over the last two years, but recently chose to ditch the first one, a social networking service-style application called Miitomo, due to sluggish demand.
When the Nintendo Switch was launched a year ago, there were some sceptical analysts.
The Switch, released in March 2017, flew off shelves at home and overseas through the critical year-end shopping season. (ADR) (NYSE:SNE) and Microsoft Corporation (NASDAQ:MSFT) to take the lead in the console wars.
To put it all simply, the Nintendo Switch is doing great, everything is doing OK as well, and Nintendo are enjoying the good times once more.More news: AB de Villiers ruled out of first three ODIs against India
Instead, Switch sales blew past expectations. What makes them so sure? "With the Nintendo Switch's Joy-Con controllers and the promise of couch play on PlayStation 4 and Xbox One, we're proud to share the console experience of Death Road to Canada with players across the world".
Nintendo sold 7.2 million Switch consoles between October and December, sending hardware totals to 14.86 million. Nintendo added another 1 million units to its sales forecast for the fiscal year, bringing the total to 15 million units.
The Wii U, which went on sale in November 2012, sold 13.56 million units before it was discontinued in 2017 and was considered a commercial failure.
Japanese videogames maker Nintendo reported its biggest third-quarter operating profit in eight years, driven by demand for its new Switch games console, and said it expected annual earnings to outstrip its previous estimate.
As mentioned above, it's hard to say whether this could be a new project being put together by Nintendo, or something already part of an existing development. The company has promised that a new Pokemon game for the console will also be released in the future.