The best regulated crypto exchange
Find out why?
50 BTC prize pool!
Get your share!
I'm in

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).

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a Currency.com contributor.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image