Nintendo Surges With A 428% Profit Spike
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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.
