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Nintendo surpasses Switch forecast; Animal Crossing tops demand

08.05.2020 10:01:11
134976

Japan’s Nintendo Co Ltd (7974.T) advanced with a 200% increase brought by surging demand in Switch games console. More so, Animal Crossing: New Horizons sold a record of 13.4 million units in its first six weeks, on track as the company’s fastest-selling game.  

The Kyoto-based gaming company showed its operating profit soaring to 89.4 billion yen (678.32 million pounds) in the first quarter, placing above analysts’ forecast. Nintendo expects to sell 19 million Switch units in the current year- a forecast widely deemed conservative.

In the year ended March, Nintendo managed to sell 14.8 million units of the hybrid home-portable device and 6.2 million units of the handheld-only Switch Lite. The company recorded an overall total of 21 million Switch consoles surpassing its initial estimates of 19.5 million.

Latest News

31.07.2020 12:00:51

Bank of England to keep policy on hold due to gloomy economic forecast

The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...

30.07.2020 11:00:25

Oil falls as virus fears weigh on demand recovery

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30.07.2020 09:00:24

Samsung expects upbeat chip demand, second quarter profit climbs

Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...

29.07.2020 11:00:24

Oil climbs after U.S. stockpile drop prompts demand fears

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24.07.2020 11:00:23

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