Business & Finance
Nintendo boosts earnings forecast, cuts Wii U sales target
TOKYO: Japanese electronics giant Nintendo said Wednesday it returned to profit in the nine months to December and boo
TOKYO: Japanese electronics giant Nintendo said Wednesday it returned to profit in the nine months to December and boosted its fiscal year earnings forecast.
The firm swung to a net profit of 14.54 billion yen ($160 million), from a net loss of 48.35 billion a year earlier, and upped its profit target for the year to March to 14.00 billion yen, from a previous target of 6.0 billion yen.
But it cut the fiscal year sales forecast for its much-hyped Wii U games console to 4.0 million from a previous estimate of 5.5 million.
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