Nintendo’s profits more than six-fold between April and June as people trapped at home during the pandemic turned to video games.
Japanese maker of Pokemon and Super Mario games, as well as the Switch console, reported $ 1 billion (106.4 billion yen) in fiscal first quarter profit on Thursday, up from 16.6 billion yen ago. a year. Kyoto-based Nintendo’s quarterly sales doubled to $ 3.4 billion.
Particularly popular “Animal Crossing: New Horizons”, of which 10 million were sold in the three months, reaching cumulative sales of 20 million. âMario Kart 8 Deluxeâ was also popular.
“Ring Fit Adventure”, which offers players the opportunity to exercise while jogging by holding a ring that acts as a controller, was also a success. It has already sold 4 million units since it went on sale in October.
sales of both handheld machines and software games have increased amid the pandemic.
Nintendo said various online games in its lineup, including those for mobile devices, are also attracting more people.
Although the coronavirus epidemic has overwhelmed economies in the worst contraction since the Great Depression, some companies like Nintendo are booming. Japanese electronics and entertainment conglomerate Sony Corp., which also owns a gaming unit with its PlayStation series, also reported positive results earlier this week.
Other tech companies, such as Apple and Facebook, are reaping the rewards as people turn to online business in droves.
Nintendo acknowledged that COVID-19 caused a shortage of parts to produce the Switch, but these issues were gradually being addressed.
The company stuck to its previous forecast of $ 1.9 billion in profit for the fiscal year through March 2021.