Nintendo earnings report: Switch sales surge amid pandemic

nintendo earnings report switch sales surge amid pandemic

Nintendo’s earnings report revealed a surge in Switch sales due to increased demand during the COVID-19 pandemic. The company sold 5.68 million Switch consoles in the quarter, a 41% increase from the same period last year. The pandemic has led to people seeking new forms of entertainment, with video games becoming a popular choice. The success of Nintendo’s Animal Crossing: New Horizons game, which has sold over 22 million copies, and strong sales of digital content also contributed to the strong earnings. Nintendo expects demand for the Switch to continue and plans to release a new version of the console next year.



Nintendo Earnings Report: Switch Sales Surge Amid Pandemic

Nintendo Earnings Report

Switch Sales Surge Amid Pandemic

Nintendo, the Japanese video game company, reported strong earnings for the quarter as Switch sales surged due to increased demand amid the COVID-19 pandemic. The company sold 5.68 million Switch consoles in the quarter, a 41% increase from the same period last year.

Impact of the Pandemic

The pandemic has caused many people to stay indoors and look for new forms of entertainment. Video games have been a popular choice for many, as they offer a way to escape the stresses of daily life. The Switch has been especially popular due to its portability and versatility.

Other Factors Contributing to Strong Earnings

In addition to increased demand for the Switch, Nintendo’s earnings have also been boosted by the success of its Animal Crossing: New Horizons game, which has sold over 22 million copies since its release in March. The company also reported strong sales of its digital content, which includes downloadable games and add-ons.

Nintendo’s operating profit for the quarter was 144.7 billion yen ($1.4 billion), a 428% increase from the same period last year.

Future Outlook

Nintendo expects strong demand for the Switch to continue through the end of the year, with the release of new games such as Super Mario 3D All-Stars and Hyrule Warriors: Age of Calamity. The company also plans to release a new version of the Switch console next year.

Overall, Nintendo’s strong earnings demonstrate the resilience of the video game industry during challenging times.

© 2020 Nintendo Co., Ltd.


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