Nintendo profit smashes analyst estimates with ‘Animal Crossing’


A screen displaying the characters from the Animal Crossing series video game at a Nintendo store in Tokyo. Nintendo said on Aug 6, 2020 that its quarterly net profit leapt to US$1bil, as the gaming industry enjoys extraordinary demand from players stuck at home because of the coronavirus pandemic. — AFP

Nintendo Co’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 in order to keep up with demand, Bloomberg News reported earlier. It registered a five-fold leap in operating profit to 145bil yen (RM5.74bil) over the last quarter, its best performance for the April-June period ever. Sales of the Switch and newer Switch Lite console rose past five million units.

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