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Nintendo reported quarterly results on Tuesday that beat its previous forecasts and it said it now expects to sell 15.5 million Switch consoles during the fiscal year ending March 31, 2024.
The Kyoto, Japan-based game company said net sales were $4 billion, down 6% from a year ago but up from $3.82 billion that analysts had expected. Net profit was $920 million, up 18% from a year ago and above expectations.
Rumors are hot that the seven-year-old Switch console will likely get a new version during the year, but Nintendo hasn’t acknowledged that it’s happening.
Super Mario Bros. Wonder sold more than 11.96 million copies since its release in October, and the Super Mario Bros. Movie is still generating box office results, helping with titles like Mario Kart 8 Deluxe.
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Nintendo also raised its financial forecasts for the current fiscal year, saying it will hit 1.63 trillion yen in net sales, up from the previous forecast of 1.58 trillion. The company also expects net profit of 440 billion yen, up from 420 billion yen it had forecast.
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