×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: AS | Japan | Earns | Nintendo

Switch Helps Nintendo Half-year Net Profit Soar 35 Percent

Monday, 30 October 2017 05:58 AM

TOKYO (AP) — Japanese video-game maker Nintendo said Monday that its net profit jumped 35 percent in April-September from a year earlier, helped by popularity of its Switch hybrid game machine and new releases.

The company logged a 51.5 billion yen ($456 million) net profit in the fiscal first half-year, compared with a 38.3 billion net profit in the same period a year earlier. It raised its forecast for the full fiscal year to 85 billion yen, up 89 percent from an earlier outlook of 45 billion yen.

Kyoto-based Nintendo, which makes Super Mario and Pokemon games, said its sales rose 173 percent from a year earlier in April-September to 374 billion yen ($3.3 billion).

The Switch Splatoon 2 game, released in July, was selling well both in Japan and overseas. "Super Mario Odyssey" for the Switch launched last week.

Nintendo, which also makes the 3DS portable console, has also scored success in offering games for smartphones and other devices that aren't Nintendo machines — a move the company had resisted for years, but an area that appears to offer great growth potential.

The recent release on smart devices of "Super Mario Run" and "Fire Emblem Heroes" games has met with success.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
Japanese video-game maker Nintendo said Monday that its net profit jumped 35 percent in April-September from a year earlier, helped by popularity of its Switch hybrid game machine and new releases.The company logged a 51.5 billion yen ($456 million) net profit in the fiscal...
AS,Japan,Earns,Nintendo
200
2017-58-30
Monday, 30 October 2017 05:58 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved