Nintendo annual profits soar 36 percent to $1.27bn on Switch sales

Nintendo annual profits soar 36 percent to $  1.27bn on Switch salesNintendo on Thursday said its annual net profit soared 36.1 percent, thanks to the immense popularity of its Switch console, and announced it was appointing a new president. Shuntaro Furukawa, 46, who currently oversees marketing and other divisions at the Kyoto-based video game giant, will succeed 68-old-year Tatsumi Kimishima, who has headed up the firm since 2015. Nintendo has been on a winning streak, with its Switch console flying off the shelves since its launch last year.



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