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Nintendo sees profit jump as people stay home playing video games amid pandemic

Nintendo
Posted at 6:41 AM, May 07, 2020
and last updated 2020-05-07 06:41:40-04

TOKYO — Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games.

Kyoto-based Nintendo, which did not break down quarterly numbers, said Thursday its sales for the fiscal year through March rose 9%. It reported a $2.4 billion annual profit.

Nintendo, which is behind the Pokemon and Super Mario franchises, said so far it has escaped major damage from the virus outbreak.

Consumers unable to visit stores due to shutdowns made online purchases instead.

One new Nintendo release finding popularity among those staying inside is the game "Animal Crossing: New Horizons" on the company's Switch console, the latest in the longtime "Animal Crossing" franchise.