Nintendo reports bumper US$1b net profit in first quarter | Malay Mail

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TOKYO, 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...

A man stands in front of Nintendo’s logo at the presentation ceremony of its new game console Switch in Tokyo January 13, 2017. — Reuters pic

Nintendo said it raked in ¥106.5 billion for the three months to June, a more than six-fold increase from ¥16.6 billion a year earlier. The results far exceed expectations of analysts and come on the back of the runaway success of the Switch and Nintendo’s hitThe 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.

The explosive growth in Switch sales appears to buck a trend that has seen many consoles lose popularity around three years after their launch.

Source: News Formal (newsformal.com)

 

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