Nintendo has posted astronomical earnings for the April to June period, increasing its profits by over 400 percent. Why? It has a lot to do with people being stuck at home during the coronavirus pandemic, and a little island-tending empire.
In the company's financial earnings statement released Thursday, Nintendo reported a 427.7 percent increase in operating profit over the last three months — they made a whopping 144.7 billion yen ($1.37 billion) profit out of 357 billion yen ($3.39 billion) in total revenue.
During the pandemic, Nintendo Switch hardware and software sales have been incredibly strong, with the company selling 5.68 million systems in the quarter (an increase of 166.6 percent). That's compared to 2.13 million units at this time last year. Read more...
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