(AP photo)Japanese video-game maker Nintendo Co. scored a 33 percent jump in annual profit, as people stuck at home turn to playing games. Nintendo, behind the Pokemon and Super Mario franchises, reported a profit of 258.68 billion yen (US$2.4 billion) for the fiscal year, up from 194 billion yen a year earlier. Nintendo projected a 23 percent fall in profit for the fiscal year through March 2021 at 200 billion yen (US$1.9 billion). The company said it will continue to push the Nintendo Switch handheld machine and Nintendo Switch Lite hardware. Nintendo said it has sold nearly a combined 55.7 million Nintendo Switch and Switch Lite machines.

Source: The Standard May 07, 2020 08:37 UTC