Nintendo posts $958M profit but cuts Switch target despite strong Christmas sales

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Nintendo has cut its ambitious annual Switch sales forecast despite enjoying a strong Christmas Q3 quarter. The Japanese games giant recorded a 104.21 billion JPY ($958 million) net profit on revenue of 608.39 billion JPY ($5.59 billion) between October and December 2018. Revenue was up 26 percent year-on-year, which is an impressive feature given that quarter was …

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