Nintendo posts five-fold profit jump as Animal Crossing sales top 22 million

TOKYO (Reuters) – Japan’s Nintendo Co Ltd on Thursday reported a more than five-fold jump in quarterly profit, driven by breakout demand for its Switch device and hit title “Animal Crossing: New Horizons” as the coronavirus lockdown lifts the games industry.

FILE PHOTO: Attendees line-up at the Nintendo booth at E3, the annual video games expo experience the latest in gaming software and hardware in Los Angeles, California, U.S., June 12, 2019. REUTERS/Mike Blake

Nintendo has proved a winner of the pandemic as stuck-at-home gamers flock to titles like “Animal Crossing”, which sold 10.6 million units in the first quarter, bringing its total sales to 22.4 million since launching in March.

“Animal Crossing” is a runaway hit, with more than half of new Switch devices first used to play the title during the quarter and total sales second only to “Mario Kart 8 Deluxe”.

GRAPHIC: Switch quarterly and total top

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Buy now, pay later firm Sezzle tests the waters in India for year-end launch

BENGALURU (Reuters) – Sezzle Inc is testing its buy-now-pay-later service in India for a potential launch at the end of the year, its chief executive officer said, capitalising on rapid global growth in online shopping as competition intensifies in the sector.

Moving into India would mark an ambitious plan for the firm as the second-most populous country gravitates more toward a cash-less society and more people purchase goods on the internet during the COVID-19 pandemic.

The Minneapolis-based fintech, which offers interest-free instalment loans at certain online stores, undertook an A$86.3 million ($61.99 million) equity raise in July, out of which nearly a fifth was earmarked to test international markets.

Sezzle currently only operates in the United States and Canada.

“If this works, we have a massive opportunity in India … We think it’s well worth the opportunity,” Chief Executive Officer Charlie Youakim told Reuters, pointing to a digital boom in

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Nigerian startup helps local churches digitize operations

The O’Sanctus app that allows Catholics to attend virtual services, reserve time with priests and make financial offerings amid the spread of the coronavirus disease (COVID-19) outbreak, is displayed on a laptop screen, in this illustration picture taken August 4, 2020. REUTERS/Nneka Chile/Illustration

LAGOS (Reuters) – Henry Okolo has grown accustomed to using his phone to stay in touch with God during the coronavirus pandemic. He uses an app every Sunday morning to listen to a virtual service in Nigeria’s commercial capital, Lagos.  

Okolo, a father-of-two, has used it to help his family pray at home following the closure of churches in March. Lagos state, with more than 15,000 confirmed infections and about 200 deaths, has the largest share of Nigeria’s about 45,000 COVID-19 cases.The O’Sanctus app, created last year by Nigerian tech firm Applus Dome Limited, allows Catholics to attend virtual services, reserve time with priests and make financial

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Nintendo reports five-fold profit jump as Animal Crossing sales top 22 million

TOKYO (Reuters) – Japan’s Nintendo Co Ltd on Thursday reported a more than five-fold jump in quarterly profit, driven by breakout demand for its Switch device and hit title “Animal Crossing: New Horizons” as the coronavirus lockdown lifts the games industry.

FILE PHOTO: The logo of the Nintendo is displayed at Nintendo Tokyo, the first-ever Nintendo official store in Japan, at SHIBUYA PARCO department store and shopping mall complex, in Tokyo, Japan, Nov. 19, 2019. REUTERS/Issei Kato/File Photo

Nintendo has proved a winner of the pandemic as stuck-at-home gamers flock to titles like “Animal Crossing”, which sold 10.6 million units in the first quarter, bringing its total sales to 22.4 million since launching in March.

Operating profit for April-June was 144.7 billion yen ($1.37 billion). That compared with an average estimate of 71 billion yen from 12 analysts polled by Refinitiv SmartEstimate.

Nintendo sold 5.7 million Switch units in the

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