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Nintendo Reports Strong Switch Sales

Nintendo Reports Strong Switch Sales

Gaming May 7,2020 0

Nintendo Co Ltd said on Thursday it sold 21 million Switch units in the year ended March, smashing its forecast of 19.5 million units, with hit title Animal Crossing: New Horizons shifting 13.4 million units in its first six weeks.

The gaming company posted a 200% jump in operating profit in the January-March quarter.The games maker reported operating profit of 89.5 billion yen ($842 million), compared with 29.7 billion yen a year earlier.

The Japanese gaming giant said it expects to sell 19 million Switch consoles and 140 million copies of Switch games in the current fiscal year.

The appeal of the 'Animal Crossing: New Horizons' game title underscores Nintendo’s games-maker credentials at a time when investors have been frustrated by the company’s conservative management, which includes what many regard as a half-baked foray into mobile gaming.

Nintendo said it expects to sell 19 million Switch console units in the current financial year.

The company warned that Switch production may suffer if the pandemic’s effects are prolonged, however it said the effects of the outbreak on its results in the last fiscal year were limited. Some services and software releases may have to be delayed if the virus persists, the company said.

Tags: NintendoNintendo Switch
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