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Stocks in Nintendo rise as Q2 profits more than double

By Ramla Soni

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).

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