Nintendo profit leaps five-fold to $1.4bn as gamers stay home

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Sales of Animal Crossing almost doubled in the latest quarter and the company plans to ramp up console production ahead of the holiday season

sales almost doubled and supply shocks eased, suggesting the Switch console will hold up well against new competition in the coming holidays.

sales momentum will last,” a Nintendo spokesperson said. “We would like to wait until the year-end shopping season’s performance to check whether we need to revise our forecast.” “Selling 50-million software units outside of a holiday quarter is unheard of and they saw much bigger digital downloads, both probably benefiting from social-distancing,” said Bloomberg Intelligence analyst Matthew Kanterman.for release at the end of October, partially addressing concern about its ability to sustain momentum through the holiday sales period that’s likely to be dominated by next-generation consoles and a slate of new titles from Microsoft and Sony.

 

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