Fri. Mar 29th, 2024
nintendo switch with animal crossing openedImage Source: knowtechie.com

Due to the global pandemic right now, many companies in the gaming industry are gaining profit. Such a company is Japan’s Nitendo Co Ltd who’s first quarter profit jumped 428%, caused by the high demand for the switch console and its hit title Animal Crossing.

Operating profit for April-June was 144.7 billion yen ($1.37 billion). That compared with an average estimate of 71 billion yen from 12 analysts polled by Refinitiv SmartEstimate.

Nintendo has come on top as sales winners during the current lockdown situation as gamers staying at home have been demanding switch games like the hit title Animal Crossing, which sold 10.6 million units in the first quarter, bringing its total sales to 22.4 million. The company also sold 5.7 million switch consoles in the first quarter, breaking down as 3 milion of the hybrid/portable Switch units and 2.6 million units of the portable-only Switch Lite, which went on sale last september.

With Nintendo gaining a lot of profit, rival companies like Sony and Xbox are also adding more and more new updates for existing games. Sony announced on Tuesday that its sales in software had rised mainly due to exclusive titles like The Last Of Us 2.

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