Nintendo expects to flog 24 million Switches

Stefan Mileschin · 9th November 2020, 12:32

COVID-19 pandemic drives a gaming boom

Nintendo has announced that it will sell 24 million of its Switch games consoles in the year ending March 2021, up from a forecast of 19 million.

The figure is cautious, given that the COVID-19 pandemic has been driving a gaming boom.

The Kyoto-based gaming outfit hiked its operating profit forecast by 50 percent to $4.3 billion as titles such as “Animal Crossing: New Horizons” bring new consumers to the Switch in its fourth year on the market.

Operating profit for July-September alone more than doubled from the same period a year earlier.

Home of the enduring “Super Mario” franchise, Nintendo had been reluctant to increase forecasts despite strong sales of its Switch system, saying the boost from consumers stuck at home could prove transitory.

The resolution of Switch production issues that affected the company earlier in the year drove sales, prompting the forecast revision, Nintendo President Shuntaro Furukawa told reporters during an earnings briefing.

https://fudzilla.com/news/gaming/518...llion-switches

9th November 2020, 12:32	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,652	Nintendo expects to flog 24 million Switches COVID-19 pandemic drives a gaming boom Nintendo has announced that it will sell 24 million of its Switch games consoles in the year ending March 2021, up from a forecast of 19 million. The figure is cautious, given that the COVID-19 pandemic has been driving a gaming boom. The Kyoto-based gaming outfit hiked its operating profit forecast by 50 percent to $4.3 billion as titles such as “Animal Crossing: New Horizons” bring new consumers to the Switch in its fourth year on the market. Operating profit for July-September alone more than doubled from the same period a year earlier. Home of the enduring “Super Mario” franchise, Nintendo had been reluctant to increase forecasts despite strong sales of its Switch system, saying the boost from consumers stuck at home could prove transitory. The resolution of Switch production issues that affected the company earlier in the year drove sales, prompting the forecast revision, Nintendo President Shuntaro Furukawa told reporters during an earnings briefing. https://fudzilla.com/news/gaming/518...llion-switches

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