Nintendo Predicts $4.3 Billion Profit for 2020 Amid Booming Switch Sales


With more and more people turning towards gaming amid the COVID-19 lockdowns around the world, sales of Nintendo’s Switch handheld console have skyrocketed to over 12 million units since the start of the pandemic, causing the company to expect a profit of $4.3 billion in 2021 (via Business Insider).

Animal crossing nintendo switch

Nintendo has announced that its sales have gone up 73.3% year-on-year in the six months to September, reaching $7.4 billion. Its half-year operating profits more than tripled to $2.8 billion, almost reaching the $2.9 billion operating profits it had forecast for the whole year.

Watch the Latest Apple Technology News Below

The Japanese gaming giant has now revised its financial forecast with an operating profit of $4.3 billion in the year to March 2021, which is 50% higher than it had previously predicted.

Since its release in March, sales of “Animal Crossing: New Horizons” totaled 26 million, making it Nintendo’s second-best selling Switch game of all time. The game “contribut[ed] significantly” to Nintendo’s booming software and hardware sales.

The company sold 12.5 million Switch consoles between April and September, bringing its total sales to 68.3 million. Its half-year sales included 4.2 million Switch Lites.

Nintendo now expects to sell 24 million Switch consoles this year, up from its previous forecast of 19 million.