Nintendo made a ¥106.5 billion net profit in the first quarter, it said today, with gamers stuck at home during the coronavirus pandemic driving extraordinary demand for the industry.
"Sales for the entire Nintendo Switch family rose 166.6% year-on-year to 5.68 million units," the firm said, referring to both the original Switch and the stripped-back Switch Lite. The leisurely game has struck a chord with players around the world, many of them enjoying a virtual release from the restrictions on movement and social activity imposed to contain coronavirus.
"Demand for video games has remained strong among people staying home following the pandemic," Hideki Yasuda, an analyst at Ace Research Institute in Tokyo, told AFP ahead of the results."The lockdown boom is expected to continue for now," he added. But he cautioned that despite this,"it is still too early to judge Nintendo's performance as its earnings rely heavily on results from the year-end Christmas season".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo Olympics postponement a blessing in disguise, says sports minister | Malay MailKUALA LUMPUR, Aug 5 — The postponement of the 2020 Tokyo Olympics to July next year, due to the global Covid-19 pandemic, has given the stakeholders more time to prepare their athletes to produce outstanding performances, said Youth and Sports Minister Datuk Seri Reezal Merican Naina Merican. He...
Source: malaymail - 🏆 1. / 86 Read more »
‘Model’ customers keep Tokyo diners at social distance | Malay MailTOKYO, Aug 5 — The coronavirus pandemic might have left many restaurants empty, but one establishment in Tokyo is relying on some model customers to enforce social distancing: life-like mannequins keeping diners from getting too close. Masato Takemine’s Chinese restaurant looks busy even as...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo announces grants for local NGOs | Malay MailGEORGE TOWN, Aug 5 ― The Japanese government has invited applications for its Grant Assistance for Grass-Roots Human Security Projects (GGP). The grants — about RM330,000 per project — is open to non-governmental organisations, local authorities, educational institutions, hospitals and...
Source: malaymail - 🏆 1. / 86 Read more »
Nintendo reports bumper US$1b net profit in first quarter | Malay MailTOKYO, Aug 6 — Nintendo made US$1 billion (RM4.1 billion) net profit in the first quarter, it said today, with players stuck at home during the coronavirus pandemic driving extraordinary demand for the gaming industry. The global health crisis has had devastating economic consequences across a...
Source: malaymail - 🏆 1. / 86 Read more »
Nintendo reports bumper US$1b net profit in first quarter | New Straits TimesTOKYO: Nintendo made US$1 billion net profit in the first quarter, it said Thursday, with players stuck at home during the coronavirus pandemic driving extraordinary demand for the gaming industry.
Source: NST_Online - 🏆 17. / 53 Read more »
Japan's Nintendo seen posting bumper profit as fans await pipeline updateJapan's Nintendo Co Ltd on Aug 6 is expected to post a 160% jump in first-quarter operating profit as its hit Switch console and titles like Animal Crossing: New Horizons look set to extend a decade-high earnings streak.
Source: staronline - 🏆 4. / 75 Read more »