Nintendo reported quarterly operating profit of $1.4B, up 428% YoY; sales of Nintendo Switch and Switch Lite consoles grew 167% YoY to 5.68M units
- Nintendo reported operating profit of 144.7 billion yen ($1.4 billion) in the April-June quarter, smashing analyst expectations.
CNBC Ryan Browne
Related Coverage
- Animal Crossing catapults Nintendo to stratospheric earnings The Verge · Sam Byford
- Nintendo Is Said to Hike Switch Target Again to Sate Gaming Boom Bloomberg · Takashi Mochizuki
- Nintendo profit zooms as virus has homebodies playing games Associated Press · Yuri Kageyama
- Nintendo profits soar 541% as consumers retreat to living rooms Financial Times
- Nintendo reports 428% jump in profit as Animal Crossing sales top 22 million Reuters · Sam Nussey
- Nintendo Switch hardware and software sales exploded over spring Engadget · Nick Summers
- Nintendo Profit Smashes Analyst Estimates With Animal Crossing Bloomberg · Takashi Mochizuki
- Nintendo hits record as world plays games during pandemic lockdown Nikkei Asian Review · Jada Nagumo
- ‘Animal Crossing’ helped Nintendo increase profits by 400 percent. Yep, 400. Mashable · Shannon Connellan
- My Goodness, Nintendo's Profits Increased Over 400 Percent Kotaku · Brian Ashcraft
Discussion
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@345triangle
Sam Byford
on x
animal crossing new horizons has now outsold the gamecube https://www.theverge.com/... https://twitter.com/...
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@stevekovach
Steve Kovach
on x
Two words: Animal. Crossing. https://www.cnbc.com/...
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@megancgraham
Meg Graham
on x
Nintendo operating profits increased 428% in its fiscal Q1. I guess you could say gaming is doing sort of OK right now. https://www.cnbc.com/...
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@sarthakgh
Sar Haribhakti
on x
Thats a lot of Animal Crossing! https://www.cnbc.com/...
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@jayjacobscfa
Jay Jacobs
on x
We prefer to look at sales growth over earnings growth for long term themes like video games and esports. No matter how you look though, the numbers are remarkable: -108% sales growth for Nintendo -82% sales growth for PlayStation Vs same period in 2019 https://twitter.com/...
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@6d6f636869
Takashi Mochizuki
on x
Animal Crossing sold another 10 million, life-to-date is now at 22.4 mln. Most-sold Switch game is MK8D, which is now at 26.74 mln. https://www.bloomberg.com/...
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@6d6f636869
Takashi Mochizuki
on x
In exclusive story: -Nintendo is ramping up production pace again -Now FY production goal seen around 25 million, up from 22 million -New production suggests this FY sales would beat Nintendo guidance (19m), last FY sale (21m) https://www.bloomberg.com/...