Nintendo Co.’s profit for the fiscal year that ended in March jumped 86% on healthy sales of its Switch handheld machine as people stayed home due to the pandemic.
An expert estimates that nearly 13% of car shoppers in April paid more than the sticker price due to an inventory shortage brought on by the pandemic.TOKYO -- Nintendo Co.’s profit for the fiscal year that ended in March jumped 86% on healthy sales of its Switch handheld machine as people stayed home due to the pandemic, turning to video games for entertainment.ese maker of Super Mario and Pokemon games totaled a record 480.4 billion yen , up from 258.6 billion yen the year before.
But Nintendo said it didn’t expect such good fortune to persist through the current fiscal year, which ends in March 2022. It is forecasting a 29% drop in profit to 340 billion yen . Other software titles planned for global release later this year include “Mario Golf: Super Rush,” and “The Legend of Zelda: Skyward Sword HD.” A new Pokemon game is planned for late 2021, according to Nintendo.