Nintendo's quarterly profit reaches 19 million euros

Serkan Toto, founder of the video game industry consultant Kantan Games says that "the numbers are even more impressive when we consider that throughout the quarter, there were difficulties in obtaining Switch in all major markets".

Japanese video game maker Nintendo announced that it had an increase in its quarterly profit of 19 million euros as reported by the agency "Reuters" this Thursday, August 6.

This growth is five times higher than in the previous quarter and is explained by the growing demand for the portable console 'Switch' and the game 'Animal Crossing: New Horizons' which sold 10,6 million units in the first quarter.

Operating profit from April to June was 1,4 billion euros. Nintendo sold 5,7 million units of the 'Switch' in the first quarter, plus 2,6 million units of the portable 'Switch Lite', which went on sale in September last year.

Serkan Toto, founder of the video game industry consultant Kantan Games says that "the numbers are even more impressive when we consider that throughout the quarter, there were difficulties in obtaining Switch in all the main markets".

The game company based in Kyoto, Japan, maintained its forecast of sales of 19 million Switch units in the current financial year. Nintendo sold 56% of its video games digitally in the first quarter, compared with 38% the previous year, increasing profit margins.

Recommended

How will the new lay off be? Know all the measures

Economy Minister Pedro Siza Vieira presented the proposal to make this instrument more flexible, which, in August, replaced the simplified 'lay off'. Companies with annual revenue breaks between 25% and 40% will be able to resort to support for the progressive recovery.

JE Exclusive: Closing of David Neeleman's exit deal from TAP concluded today

Three months after his departure was announced, this Thursday the contracts that formalize the departure of the North American businessman from the Portuguese airline are being signed.

More cheetos, doritos and juices in the quarantine. PepsiCo increases revenues to 15 billion euros

Despite the reopening of the economy and the return to school, consumers remain more protected and children and young people with online classes, which motivated the growth in sales. The North American group's shares are rising on the New York Stock Exchange.
Comments