The best regulated crypto exchange
Find out why?

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).

Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image