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Nintendo's Quarterly Profit Rises on Hit Switch Games

Nintendo's Quarterly Profit Rises on Hit Switch Games

Thursday, 31 January 2019 04:38 AM

TOKYO (AP) — Nintendo, the Japanese video game maker behind the Super Mario and Pokemon franchises, reported Thursday that its fiscal third quarter profit jumped 25 percent, boosted by the popularity of games for its Switch console.

Nintendo Co.'s October-December profit totaled 104.2 billion yen ($956 million), up from 83.7 billion yen a year earlier. Quarterly sales totaled 608.4 billion yen ($5.6 billion), up 26 percent.

Among the software hits for Switch was "Super Mario Bros. Ultimate," whose sales have totaled 12 million units since it went on sale in December.

The popularity of such games helped drive Switch machine sales during the holiday shopping season, the company said.

The Switch is a hybrid game machine that works both as a console and a tablet.

Nintendo, based in Kyoto, central Japan, stuck to its full year forecast for a 165 billion yen ($1.5 billion) profit, up 18 percent from the previous fiscal year, on sales of 1.2 trillion yen ($11 billion), up 14 percent on-year.

Yuri Kageyama is on Twitter at https://twitter.com/yurikageyama

On Instagram at https://www.instagram.com/yurikageyama/?hl=en

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
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Nintendo, the Japanese video game maker behind the Super Mario and Pokemon franchises, reported Thursday that its fiscal third quarter profit jumped 25 percent, boosted by the popularity of games for its Switch console.Nintendo Co.'s October-December profit totaled 104.2...
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Thursday, 31 January 2019 04:38 AM
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