Nintendo sales are still soaring.
Hong Kong (CNN Business)Nintendo (NTDOF) sales are still soaring. The Japanese company posted another round of blockbuster earnings Thursday, proving that its hot streak from the pandemic is far from over. The company said it made 145 billion yen ($1.37 billion) in operating profit for the quarter ended June, marking a 428% surge compared to the same time a year ago. That blew away expectations from analysts, who had estimated about 62 billion yen of profit, according to data provided by Refinitiv. Nintendo also doubled sales from a year ago, taking in about 358 billion yen ($3.4 billion). The results show that months into the pandemic, people are still turning to the Nintendo Switch game console in droves. Nintendo sold about 5.7 million of the devices from April through June, marking a 167% increase year-over-year. Read More ‘Animal Crossing,’ a Nintendo Switch bestseller, now lets you go swimming The runaway success of « Animal Crossing: New Horizons » continued to be a boon for the company.
