Jul 26, 2017

Nintendo posts strong profits driven by new console

Japanese gaming giant Nintendo said it returned to profit in the first quarter due to strong demand for its Switch console. Nintendo posted an operating profit of 16.21bn yen for the first quarter. Nintendo released a hybrid console called the Switch in March, hoping it would find more success than its predecessor the Wii U, which was widely considered a flop. The company aimed to sell 10 million units within a year, which would make it Nintendo's biggest hit since the Wii launched in November 2006. The move to digital came after the huge success of Pokémon Go, which was jointly developed by Nintendo, Niantic and the Pokémon Company.

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