- Gaming giant Nintendo today released earnings results for the three months ending on June 30, 2020.
- Net profit increased by 541.3%, while operating profit jumped by 427.7%.
- Nintendo attributes the bumper quarter to strong demand for the Switch console and high software sales prompted by more people turning to gaming during government-imposed periods of lockdown.
Nintendo today released financial results for the three months running to June 30. The report reveals that the early pandemic period has been particularly successful for the Japanese gaming giant.
Net sales are up 108.1% to 358,106 million yen($3.3 billion) compared to 172.111 million yen($1.6 billion) for the same period last year.
Operating profit surged 427.7% to 144,373 million yen($1.3 billion) compared to 27,428 million yen/$260 million for the same period the previous year.
Net profit rose by 541.3% to 106,482 million yen($1.01 billion) compared to 16,604 billion yen($151 million) from April to June 2019.