Nintendo (NTDOY)

[Nikodemos]

Nintendo doubles profit outlook on strong Switch console sales http://www.reuters.com/article/us-nintendo-results/nintendo-doubles-profit-outlook-on-strong-switch-console-sales-idUSKBN1CZ0JK?il=0

Demand for the hybrid home-portable Switch has led to a near-doubling of Nintendo’s stock price to nine-year highs since the device’s March launch. Sales have exceeded the company’s initial estimate, outstripping those of predecessor Wii U, and leaving suppliers scrambling for parts.

“We’ve boosted Switch production to meet strong demand as it was difficult for customers to buy the consoles at retail stores,” Nintendo President Tatsumi Kimishima said at an earnings briefing, adding the firm misjudged demand.

Nintendo (tick: NTDOY), a 100+ year-old company with BELOVED products, IP, & technology is showing strength in nostalgia, growing mobile, leveraging their MASSIVE Intellectual Property, solid & remarkable leadership, & now FISCAL RESULTS...

Nintendo now expects profit of 120 billion yen ($1.06 billion) for the year ending March versus 65 billion yen estimated three months ago, boosted by Switch sales...

Nintendo is making thoughtful associations & partnerships with nVidia & Google as they've TEAMED-UP with various projects, products & services...& even Chinese foresight with TENCENT. Things are starting to project triple-digit UPSIDE.
https://www.marketwatch.com/story/nintendo-stock-scores-9-year-high-after-tencent-deal-2017-09-19


Holidays bringing joy to shareholders is how I'd sub-head the aforementioned title. Exciting times ahead.

Boo-freakin' "POKEMON GO Halloween",...is going to be a FUN; scary- GREAT time in here...ALL throughout the holidays as well; with new consoles, games, revenues, dividends, & a SIGNIFICANT rise in the pps...Patience CONTINUES to pay off with Nintendo & partners...

$NTDOY