Nintendo Tops Profit Estimates, Cuts Switch Shipments Target
- Switch shipments forecast at 17 million instead of 20 million
- Smartphone game Mario Kart Tour delayed until Japan summer
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Nintendo Co. topped quarterly profit estimates on holiday demand for Pokemon and Super Smash Bros. games, but weak Switch demand forced the company to cut its shipments forecast for the gaming device.
Operating profit was 158.6 billion yen ($1.5 billion) in the last three months of 2018, the Kyoto-based company said in a statement Thursday. Analysts were projecting 147 billion yen on average, according to estimates compiled by Bloomberg.