Nintendo's profit climbs on Switch machine, software sales
Nov 8, 2022 / Associated Press
TOKYO (AP) — Japanese video game maker Nintendo has reported a 34% surge in its profit for the first half of the fiscal year on strong sales of products for its Switch console like “Splatoon 3,” a paint-shooting game. The maker of Pokemon and Super Mario games is raising its full year profit forecast to 400 billion yen, or $2.7 billion, from an earlier projection for a profit of 340 billion yen, or $2.3 billion. Entertainment companies got a boost from the pandemic because people tended to stay home more. Japanese exporters like Nintendo are also getting a boost from the recent weak yen.