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Tags: AS | Japan | Earns | Nintendo

Nintendo Profit Jumps 39% on Switch Software Sales

Thursday, 25 April 2019 04:39 AM

TOKYO (AP) — Japanese video game maker Nintendo Co. is reporting a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.

The Kyoto-based company behind the Super Mario and Pokemon franchises on Thursday reported a 194 billion yen ($1.7 billion) annual profit. Annual sales rose 14% to 1.2 trillion yen ($10.7 billion).

Nintendo says popular Switch software included "Super Smash Bros. Ultimate," which sold 13.8 million units.

By quarter, Nintendo posted a profit of 25 billion yen ($223 million) for the January-March period, more than five times what it earned the previous year, on 203 billion yen ($1.8) quarterly sales, up 2%.

It expects to ship 18 million Switch devices the current year, up from 17 million for the year just ended.

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 This material may not be published, broadcast, rewritten or redistributed.


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Japanese video game maker Nintendo Co. is reporting a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.The Kyoto-based company behind the Super Mario and Pokemon franchises on Thursday reported a 194 billion yen...
AS,Japan,Earns,Nintendo
131
2019-39-25
Thursday, 25 April 2019 04:39 AM
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