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  • Nintendo reports 428% jump in quarterly profit, smashes estimates

Nintendo reports 428% jump in quarterly profit, smashes estimates

Nintendo's Switch console sales were driven by hit title Animal Crossing: New Horizons. (AFP)
Nintendo's Switch console sales were driven by hit title Animal Crossing: New Horizons. (AFP)
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06 Aug 2020 04:08:57 GMT9
06 Aug 2020 04:08:57 GMT9

TOKYO: Japan’s Nintendo Co Ltd on Thursday reported a 428% jump in first-quarter profit, driven by ongoing demand for the Switch console and hit title Animal Crossing: New Horizons as the coronavirus outbreak boosts the games industry.

Operating profit for April-June was 144.7 billion yen ($1.37 billion). That compared with an average estimate of 71 billion yen from 12 analysts polled by Refinitiv SmartEstimate. ($1 = 105.4600 yen)

Reuters

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