Nintendo Surges With A 428% Profit Spike

Video Credit: Wochit News
Published on August 7, 2020 - Duration: 00:36s

Nintendo Surges With A 428% Profit Spike

Nintendo surged as much as 6% on Thursday, reports Business Insider.

The video game company said first-quarter earnings soared 428% while sales more than doubled.

Video game companies have seen a surge in business since the COVID-19 pandemic outbreak.

Consumers are looking to entertain and distract themselves while sheltering in place.

Driving the strength in Nintendo's business included growing demand for its Nintendo Switch.

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