Exceeds estimates: A customer browses the gaming section of Nintendo products in a shop in Tokyo. The Kyoto-based studio reported operating income of 119.5 billion yen (US$1.1bil) for the March quarter, trouncing the average forecast of 68.3 billion yen. — AFP
TOKYO: Nintendo Co’s earnings beat estimates after hit games like Monster Hunter Rise propped up sales of the Switch, but warned that global chip shortages may disrupt production of its marquee device.
Nintendo’s better-than-expected results suggest the Covid-era boom in gaming that turned Animal Crossing into the world’s online town hall has legs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
