Pandemic and stay-home gamers help Nintendo's profit to surge

Nintendo Co. said Thursday its net profit for April to June soared to 106.48 billion yen ($1 billion), a 6.4-fold rise from a year earlier, as the coronavirus pandemic and subsequent stay-at-home requests spurred demand for its Switch console and software.The videogame maker booked an operating profit of 144.74 billion yen, a 5.3-fold increase and a record for the fiscal first quarter, as sales more than doubled to 358.11 billion yen.It sold 5.68 million Switch consoles in the three months, up 2.7 times.An increase in game titles helped lift sales of the Switch, Nintendo said, adding that t…READ FULL ARTICLE