Stocks in Nintendo rise as Q2 profits more than double
Nintendo reports strong sales of its Switch Lite console since going on sale in September
Nintendo’s second-quarter operating profit more than doubled due to strong sales of its recently launched Switch Lite gaming console.
Operating profit jumped 116 per cent and profit for the July-September quarter was ￥66.8bn ($615m, £48m) versus ￥30.9bn a year earlier.
The Switch is a hybrid game machine that works both as a console and a tablet.
Nintendo sold 4.98 million units of its hybrid home-portable Switch device in the six months to September and 1.95 million handheld-only Switch Lite units that went on sale in September.
As a result, Nintendo’s stock rose 7.46 per cent by market close in Japan.
The Switch Lite launch is part of the Japan-based gaming company’s drive to expand the device’s appeal beyond hardcore gamers.
The Nintendo Switch Lite is available in three colours - turquoise, yellow and grey and is priced at $199.99 (£154, €179).