Nintendo just reported a wild 428% surge in profits thanks to the lockdown gaming boom

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Nintendo reported operating profit of 144.7 billion yen ($1.4 billion) in the April-June quarter, smashing analyst expectations.

Sales of the company's popular Nintendo Switch and Switch Lite consoles grew around 167% to 5.68 million units in the quarter.

A high school teacher plays Nintendo's Animal Crossing at home in Melbourne during the country's enforced coronavirus coronavirus lockdown.Nintendo's operating profits skyrocketed 428% in the fiscal first quarter, the company said Thursday, a wild jump that reflects just how much the video game industry has benefited from the coronavirus pandemic.

Net sales meanwhile came in at 358.1 billion yen, up an impressive 108% from the 172.1 billion yen Nintendo reported in the same period last year. Sales of the company's popular Nintendo Switch and Switch Lite consoles grew around 167% to 5.68 million units in the quarter.

 

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gogojira_

I wonder if they could fix their hardware with all that cash

It’d be even higher if they ever put anything on sale.

In the video gaming battle world of Sony & Microsoft the King was already there. Nintendo beat Sega. Sony & Microsoft were supposed to take Nintendo but it 4 way fight between the players (Mobile Gaming is the 4th one).

It’s all CCP’s tricks; CCP must be sanctioned, otherwise the world is a terrorist attack

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