Nintendo Climbs After Raising Outlook on Strong Switch Sales
- Lifts Switch hardware, software sales targets for current year
- Smartphone game revenue grows thanks to Animal Crossing app
A Nintendo Switch handheld console
Photographer: Troy Harvey/BloombergThis article is for subscribers only.
Nintendo Co. shares rose after the company raised its outlook for profit and Switch sales for a second straight quarter following robust shipments during the holidays, the strongest sign yet that the console will be a long-term success.
The stock climbed as much as 3.8 percent in Tokyo. The stock, which gained 68 percent in 2017, is up about 20 percent this year.