A boom in sales of Switch Lite consoles helped Nintendo more than double its profit in the three months to the end of September as it readied for its busiest period. Nintendo said its operating income was 66.8bn yen (£480m) for the second quarter, compared to 30.9bn yen a year earlier, breezing past analyst forecasts for 50bn yen. The company sold almost 5m units of the Switch device in the three month period, and a further 1.95m of the Switch Lite devices, which had only gone on sale at the start of September. The Switch Lite hand-held consoles are a cheaper version of Nintendo’s Switch devices, and have fewer features. They are sold for £199.99 in the UK, compared to the Switch consoles which go for £279.99. According to the figures, Switch Lite performed particularly well in the US, despite the market traditionally being harder to crack. Nintendo president Shuntaro Furukawa said there were still “many people to whom we have yet to communicate the appeal of Switch Lite”. In total, Nintendo’s sales came in at 444m yen for the six-month period, up from 390m yen a year earlier. Its busiest period traditionally falls in the second half of its financial year, and IHS Markit’s Piers Harding-Rolls said,… Read full this story
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