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Nintendo’s sales continue to rise as the company released a report indicating an impressive 200 percent increase in profits. This follows last month’s report that showed 428 percent growth in the company’s first quarter operating profit. Much of Nintendo’s success is attributed to the huge demand for the Switch fueled by the COVID-19 pandemic.
Operating profit for the first half of the fiscal year increased 209 percent to ¥ 291.4 billion JPY (approximately US $ 2.8 billion) over the same period last year. The gaming company sold roughly 12.5 million units of its Switch from April to September, pointing to an increase of 81 percent. Sales were also up 73 percent: ¥ 769.5 billion JPY (approximately 7.4 billion USD).
According to sources, forecasts suggest that the company could be breaking a new profit record in 2021, which will be the first time for the company in 12 years. Beyond the growing sales of Switch, popular titles have also contributed greatly to the success of the company, in particular, Animal Crossing: New Horizons, which is on its way to becoming the best-selling game ever for the Switch with over 26 million copies sold. However, competing gaming devices such as Sony’s PlayStation 5 and Microsoft’s Xbox Series X could pose a threat to Nintendo’s market share.
In case you missed it, the Nintendo Switch online service has surpassed 26 million paid subscribers.
