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Friday, January 15, 2021

Nintendo Profits Jump 200 Percent

Kyoto-based Nintendo announced on Thursday morning that operating profit for the first half of this fiscal year, which ended in September, soared 209 percent to $2.8 billion compared to the same period in the year 2019. The company pointed out that sales climbed 73 percent to $7.4 billion.

Kyoto-based Nintendo announced on Thursday morning that operating profit for the first half of this fiscal year, which ended in September, soared 209 percent to $2.8 billion compared to the same period in the year 2019. The company pointed out that sales climbed 73 percent to $7.4 billion.

“Strong sell-through momentum continues even after the summer sales season,” Nintendo noted in a presentation to investors. The company hiked sales projections for the Switch, predicting a jump through the financial year ending in March. 

Nintendo also said it now expects to sell 24 million units, up from the 19 million previously forecast, pointing out that profits are expected to surge by as much as 50 percent.

According to Tech Crunch, Nintendo sold 14.3 million copies of the game “Animal Crossing: New Horizons,” over the six-month period, bringing total sales to about 26 million units. For comparison, the company’s best-selling Switch game of all time, “Mario Kart 8 Deluxe,” has racked up almost 29 million sales.

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