The Mario movie is a hit! Analyst says Nintendo will make $350 million
2023-04-10
With Super Mario Bros. The Movie continuing to garner critical acclaim, it's almost a safe bet that Nintendo will be able to make a decent chunk of money out of it.
The movie opened in early April and took in $377 million worldwide in its five days in theaters, beating Frozen 2 for a new record for an animated film. In addition, the film also created the best opening box office for a video game adaptation.
According to @serkantoto news, analyst Jefferies said that it is now basically certain that Nintendo will earn at least $350 million in profits. The report also pushed up Nintendo's share price in the Japanese stock market.
In February of this year, Nintendo cut its profit forecast for the new fiscal year. It expects to sell 18 million Switch game consoles in 2023, down from 19 million previously. And this has also sparked discussions about the functional problems of the Nintendo Switch game console and Nintendo's next-generation console.
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