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Nintendo returns to profit on mobile gaming

OSAKA: Nintendo Co Ltd on Tuesday reported its first quarterly profit in a year as its nascent mobile games division started to bring in revenue, though not enough to prevent weak console software sales dragging down its annual earnings forecast. The result comes just six weeks after the Japanese games maker released its first own-brand smartphone title, Super Mario Run, having bowed to investor pressure in 2015 to enter the mobile market. While the quarterly profit was just reward for the move, a one-third cut to its…