Nintendo profit leaps five-fold to $1.4bn as gamers stay home
Sales of Animal Crossing almost doubled in the latest quarter and the company plans to ramp up console production ahead of the holiday season
06 August 2020 - 17:46
Tokyo — Nintendo’s profit blew past all estimates after Animal Crossing sales almost doubled and supply shocks eased, suggesting the Switch console will hold up well against new competition in the coming holidays.
The Japanese company has already asked assemblers to increase production of its marquee gaming console yet again to keep up with demand, Bloomberg News reported earlier. It registered a five-fold leap in operating profit to ¥145bn ($1.4bn) over the past quarter, its best performance for the April-June period ever. Sales of the Switch and newer Switch Lite console rose past 5-million units...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.