Nintendo extends its sequence of profits in times of scarcity
According to 10 analyst estimates in a Refinitiv, Nintendo survey should record an increase of 80% of its operating profit for the last financial quarter. This profit represents about 54 billion yen, or about $ 505 million. The Nintendo Switch units are selling around the world, Nintendo to increase its production to meet the demand. Although coronavirus had a terrible impact on many things around the world, players seem more interested than ever by a Nintendo Switch. A Switch Online account is required for Switch fans to play together and access SNES libraries and at a cost of $ 20 a year.
While the expansion of Nintendo to the mobile has expanded their market and appeased the investors, it is clear that the Nintendo Switch is their bread and butter with the speed with which they sell everywhere. Pokemon Sword & Shield helped move units at the end of 2019, but Animal Crossing: New Horizons took them out of the water when leaving in March. The last financial quarter that continues its profit sequence includes from January to March, including the first twelve days of animal sales: New Horizons.
Nintendo Switch’s sales do not slow down, even with new generation Xbox and PlayStation consoles around the corner. The Nintendo Hybrid console continues to work successfully at Wii level, showing how much Nintendo has always been and will continue to be relevant. According to Serkan Toto, the founder of the Kantan Games video games company, Nintendo “could sell multiples of what is currently in stock”. While Nintendo supplies were paused for a while due to COVID-19, the company increased its order when it could in order to meet global demand.
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