Nintendo reported a 541% increase in profits in Q1 2021, thanks to the success of games like Animal Crossing and Super Mario, which have been boosted by the pandemic. The company achieved an operating profit of JPY119.75bn ($1.1bn), up from JPY19.59bn ($177.77m) a year earlier. Its flagship product, the Nintendo Switch, sold 4.45 million consoles in Q1, compared with the same period in 2020 when 2.13 million units were sold. It has now sold over 89 million units worldwide since its launch in 2017. Nintendo is planning to release new games in the future, including the sequel to The Legend of Zelda: Breath of the Wild.
Nintendo Reports Strong Financial Results Due to Success of Games Like Animal Crossing and Super Mario
Overview
Japan’s Nintendo Co Ltd reported strong financial results for the first quarter of 2021, with profits soaring 541% due to the success of their video games. The company’s operating profit went up to ¥119.75 billion ($1.1 billion) from ¥19.59 billion ($177.77 million) a year earlier, exceeding market expectations.
Success of Animal Crossing and Super Mario
The company has seen massive success with its games such as Animal Crossing and Super Mario due to the pandemic. As more people are staying at home, they are turning to video games as a way to pass the time. Animal Crossing: New Horizons, released in March 2020, has sold over 31 million copies worldwide, making it the second best-selling Nintendo Switch game of all time. Super Mario 3D All-Stars, a compilation of three Mario games, also contributed to the company’s success.
Switch Sales
Nintendo’s flagship product, the Nintendo Switch, has also seen strong sales. The company sold 4.45 million Switch consoles in the first quarter of 2021, an increase of over 100% compared to the same period last year. The Switch has now sold over 89 million units worldwide since its launch in 2017.
Future Plans
Nintendo is planning to release new games in the future, including the highly anticipated sequel to The Legend of Zelda: Breath of the Wild. The company has also hinted at a new console, but has not released any details yet.
Conclusion
Nintendo’s strong financial results are a clear indication that the company’s video games continue to appeal to consumers worldwide. With the ongoing pandemic, it is likely that the company will continue to see strong sales in the coming months. Fans are eagerly looking forward to the company’s future releases while investors are optimistic about the company’s future.