About: http://data.cimple.eu/news-article/b2069f760c1ac74d4c715529bf76fc03248712b96e0dde498b34be76

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About: http://data.cimple.eu/news-article/b2069f760c1ac74d4c715529bf76fc03248712b96e0dde498b34be76 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Nintendo on Thursday reported net profit surged to $1 billion in the first quarter, with players stuck at home during the coronavirus virus driving extraordinary demand for the gaming industry. The Japanese giant raked in 106.5 billion yen for the three months to June, a more than six-fold increase from 16.6 billion yen a year earlier. Sales more than doubled to 358 billion yen, as demand for its popular Switch console remained robust, as the device entered the crucial fourth year since its launch. The results far exceeded the expectations of analysts and come on the back of the runaway success of both the Switch and Nintendo's hit "Animal Crossing" game. "Sales for the entire Nintendo Switch family rose 166.6 percent year-on-year to 5.68 million units," the firm said, referring to both the original Switch and the stripped-back Switch Lite. Nintendo is one of a "handful" of major companies seeing significant business opportunities from the coronavirus outbreak, analysts said. "Demand for video games has remained strong among people staying home following the pandemic," Hideki Yasuda, an analyst at Ace Research Institute in Tokyo, told AFP ahead of the results. "The lockdown boom is expected to continue for now," he added. Despite the blockbuster figures, the Kyoto-based firm declined to upgrade its full-year forecast, leaving intact its projection of 200 billion in net profit for the fiscal year to March, down 23 perfect from the previous year. si/sah/dan
schema:headline	Nintendo reports bumper $1 bn net profit in first quarter
schema:mentions	Agence France-Presse Nintendo Japan Lockdown Pandemic Virus Coronavirus Severe acute respiratory syndrome coronavirus 2 Yasuda zaibatsu Animal Crossing Japanese yen Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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