Nintendo doubled net profit

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POSTER: computer news   ||   NINTENDO DOUBLED NET PROFIT	DATE:2017-02-01
The Japanese company Nintendo reported on the work in the last quarter of 2016.  On the one hand, the company doubled its quarterly net profit, significantly exceeding analysts' forecast.  So, it was 64.7 billion yen ($ 569 million) in the fourth quarter net profit , exceeding the projected figure  20.5 billion yen.  This allowed the company to increase the projected full-year profit to 90 billion yen instead of the previously established figures of 50 billion yen. The company's revenue for the quarter, which is significant for the year fell by 21% - up to 173.3 billion yen.  During the year, a forecast of revenue has not changed and is expected to reach 470 billion. Net profit growth amid falling revenues the company explains the decline in the value of the yen against the dollar and other currencies, and three-quarters of the revenue the company receives outside of Japan, so that the fluctuation of currencies greatly affects the company's revenue.  Nintendo also income Christmas sales helped during the reported quarter. Sales of games for smartphones has not yet brought significant success.  Of the 78 million downloads Super Mario Run, only 5% have paid the full version of the game (worth $ 10).    In the next quarter, the company expects sales success of the new video game console Switch, which is expected on March 3.  In the first month it plans to sell up to 2 million new consoles.  According to analysts, over the next 12 months, the company can realize from 10 to 11 million consoles Switch.   Related Products :

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