Nintendo, once struggling to survive, just doubled its profit forecast
¥120 billion
Nintendo expects to post profits of ¥120 billion ($1 billion) this year, a considerable increase from a previous forecast of ¥65 billion ($570 million), just three months ago.
Published | Photo by Reuters/Toru Hanai
The company has been on a roller coaster, with its shares spiking in 2007 due to the success of the Wii and the DS, then falling as new products failed to win over video game fans.
Nintendo’s revenue and profit
Nintendo’s stock price dropped from $620 in 2007 to just $75 in 2013. But now the company’s stock is back up again to $390, the highest in almost a decade.
That recovery is due in large part to the runaway success of the Switch, the hybrid console/handheld that Nintendo released earlier this year.
