NINTENDO MARKS PROFIT JUMP AS PEOPLE STAY HOME AMID PANDEMIC
Techlife News|May 09, 2020
Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games.

Kyoto-based Nintendo, which did not break down quarterly numbers, said Thursday its sales for the fiscal year through March rose 9% from the year before to 1.3 trillion yen ($12 billion).

Nintendo, behind the Pokemon and Super Mario franchises, reported a profit of 258.68 billion yen ($2.4 billion) for the fiscal year, up from 194 billion yen a year earlier.

Nintendo said so far it had escaped major damage from the virus outbreak. Consumers unable to visit stores due to shutdowns have instead turned to online purchases.

Video gaming is a popular stay-at-home activity, and Nintendo’s new “Animal Crossing: New Horizons” has proven to be a hit, selling 13.4 million units in the first six weeks since going on sale.

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