Technology
Nintendo shares jump after blockbuster earnings; analysts are divided on its outlook – CNBC
Japanese video game maker Nintendo on Thursday reported a multi-fold increase in quarterly profit on the back of strong demand for its flagship Switch console as well as the runaway success of social simulation game “Animal Crossing: New Horizons.”
Shares of Japanese video game maker Nintendo gained 2.58% on Friday.
The company reported Thursday a multi-fold increase in quarterly profit on the back of strong demand for its flagship Switch console. The runaway success of its social simulation game “Animal Crossing: New Horizons” also helped boost sales.
Nintendo’s operating profit for the three months ended June 30 came in at 144.737 billion yen (approx. $1.37 billion). It was much higher than an average estimate of 71 billion yen, accord…
-
General14 hours agoGymnastics club in Berwick shuts down following child safety complaint
-
Noosa News17 hours agoSanta drops in for carols
-
General20 hours agoCritically endangered orchid thrives as NSW Mid North Coast cemetery provides habitat refuge
-
Business20 hours agoHow to turn small weekly savings into life-changing wealth with ASX shares