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…
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