Nintendo is at the top of its game with 41% rise in profit
Gaming giant logs $3bn in operating profit as Switch sales surge
Nintendo has been a rare beneficiary during the coronavirus outbreak with the Switch console and game softwares like "Animal Crossing: New Horizons" experiencing a surge in demand. (Source photo by Nintendo)
TOKYO -- Video game maker Nintendo announced a 41% surge in operating profits for the fiscal year ending March 2020, as Switch consoles and games such as Animal Crossing: New Horizons proved popular with consumers forced to stay at home during the coronavirus crisis.
The Kyoto-based gaming giant's operating profit rose to 352 billion yen ($3.3 billion) compared to 249 billion yen last year, with a 9% jump in revenue to 1.3 trillion yen. Net profit totaled 258 billion yen, up 33% for the year.