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Nintendo President Shuntaro Furukawa On Missing Analyst Estimates: “The Holiday Season Battle Begins Now”

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"We must keep releasing new software".

While many positives can be drawn from Nintendo's recently published
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, analyst estimates had predicted slightly higher earnings. The Japanese gaming giant reported an operating profit of 30.9 billion yen during the quarter, which was below the estimated 37.9 billion yen, and quarterly revenue was 221 billion yen during the period, again lower than the projected 232 billion yen.

According to
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, these results and the slowdown in revenue growth is unnerving investors, with analysts seeing the upcoming
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as the last hope for Nintendo to achieve its 20 million Switch sales
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for this financial year.

Read the
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