The Verge

Nintendo beats earnings thanks to US tariff refunds it won’t share with gamers

Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter.

This is a short WorldPing brief. The full report was published by The Verge.

Read the full report at The Verge

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‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at NintendoWorldPing
The Guardian

‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.

Brief by WorldPing · Original reporting by The Guardian