Nintendo net profit surges 243.6% in first half, forecasts revised up

JAPANESE gaming giant Nintendo said today its first-half net profit soared 243.6% on-year, and it upgraded its full-year sales and profit forecasts, with coronavirus lockdowns driving extraordinary demand.

The gaming industry has been one of the few sectors to thrive during the pandemic, with people forced to stay at home turning to games for some escapism and to pass time.