Japanese video-game maker Nintendo Co has reversed into profit for the April-June quarter from losses the previous year, boosted by the popularity of its Switch hybrid game machine. Kyoto-based Nintendo reported Wednesday a profit of 21.26 billion yen ($190 million) for…
Japanese video-game maker Nintendo Co has reversed into profit for the April-June quarter from losses the previous year, boosted by the popularity of its Switch hybrid game machine.
Kyoto-based Nintendo reported Wednesday a profit of 21.26 billion yen ($190 million) for the fiscal first quarter, improving from a 24.5 billion yen loss for the three months through June 30 last year.
Quarterly sales more than doubled to 154.1 billion yen ($1.4 billion) from 62 billion yen the previous year.
Nintendo, which makes Super Mario and Pokemon games, left unchanged its full year forecast through March 2018, for a 45 billion yen ($402 million) net profit on 750 billion yen ($6.7 billion) sales.
Nintendo sold 1.97 million Switch machines during the quarter, for cumulative sales of 4.7 million units since March. It left unchanged its estimate of selling 10 million Switch machines in the fiscal year through March 2018.
