According to Dr. Serkan Toto, the Nikkei Japanese newspaper has run a story that Nintendo’s net income has seen a sizable jump. The paper claims that from April through September of this year, Nintendo’s net income jumped 2.6x to $300 million year-on-year. The main reasons are the success of Pokémon Go and the sale of the Seattle Mariners baseball team in August.
According to Toto, the Nikkei has run stories like this in the past with mixed results. We will learn all about Nintendo’s earnings on Wednesday. Although Nintendo has claimed that more details of its upcoming new home console, the Nintendo Switch, will not be revealed until 2017, I wouldn’t be surprised if a couple of nuggets of information came out of the investor meeting later this week. We will keep you updated on the relevant news.
[Source: Dr. Serkan Toto]