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Nintendo's profit soars as pandemic has people playing games
Read full article: Nintendo's profit soars as pandemic has people playing games(Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games. AP Photo/Koji Sasahara)TOKYO – Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games. Kyoto-based Nintendo Co.’s profit for the six months through September soared to 213 billion yen ($2 billion), up from 62 billion yen a year ago. Six-month sales soared to 769 billion yen ($7.4 billion) from 444 billion yen. Nintendo raised its full year profit forecast through March to 300 billion yen ($2.9 billion), up from an earlier projection of a 200 billion yen ($1.9 billion) profit.
Nintendo profit zooms as virus has homebodies playing games
Read full article: Nintendo profit zooms as virus has homebodies playing gamesAll rights reserved)TOKYO Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games. Quarterly sales at Kyoto-based Nintendo jumped, doubling to 358 billion yen ($3.4 billion) on-year. Nintendo Switch sales, both of the handheld machines and software games, were zooming amid the pandemic. The company stuck to its previous forecast for a 200 billion yen ($1.9 billion) profit for the fiscal year through March 2021. Thats slightly lower than the nearly 259 billion yen Nintendo earned the previous fiscal year.