Mobile phone games help Nintendo to increase profits
Nintendo has reported better-than-expected profits thanks partly to the success of its games for mobile phones.
The Japanese gaming giant saw profits of 64.7bn yen ($569m) in the three months to December. Analysts had predicted about 20bn yen.
As well as its mobile-only Pokemon Go and Super Mario Run games, Nintendo enjoyed healthy sales of Pokemon titles for its 3DS handheld devices.
It will launch its newest console, called Switch, in early March, informs BBC.
Some analysts believe the device - which attempts to merge home and mobile gaming - could be Nintendo's last shot at selling a home console, after the Wii U proved a flop.
It was rapidly outsold by Sony's PS4 and Microsoft's Xbox One, although Nintendo has enjoyed success with its handheld 3DS device.
Like many Japanese exporters, Nintendo benefitted from the stronger dollar, which means its overseas profits are worth more when repatriated.
The firm makes about 75% of its sales outside of Japan.
TECHNOLOGY
- Nintendo reveals launch date and price of new device
- Romanian carmaker Dacia sets new sales record in 2016
- Sales in Europe lead to Gazprom announcing profit in Q3 of 2016
- McDonald's U.S. sales drop for first time in six quarters
- Apple shares back in vogue as Wall Street bets on iPhone surge
- Selling is most attractive business in Moldova