Nintendo says nine-month profit up nearly 25%, lifted by strong titlesTOKYO, Japan — Nintendo said Thursday its net profit jumped nearly 25 percent for the nine months to December, riding out the crucial holiday season thanks to blockbuster game titles for its popular Switch console. The Kyoto-based games giant said its bottom-line profit rose 24.9 percent to 168.8 billion yen ($1.6 billion) for the April-December period on sales of 997.3 billion yen, up 16.4 percent. "During the holiday season, software was a great driver of hardware sales," the firm said in a statement. For the year to March, it maintained its optimistic annual targets, expecting a net profit of 165 billion yen, up more than 18 percent from the previous fiscal year. Nintendo shares soared more than 15 percent in January on expectations that sales were solid for the Christmas shopping season.

Source: Philippine Star January 31, 2019 07:41 UTC