Nintendo strengthens profit position despite decline from last year

Many of you will probably remember last year’s Animal Crossing: New Horizons boom. For this reason, it’s only natural that the company’s sales this year are lower than in the same period in 2020.

Today’s financial results confirm that Nintendo Switch sales are down so far in 2021 compared to the same months in 2020, evidently due to the absence of a release like Animal Crossing: New Horizons. However, the same data also shows that the company is making significant profits, boosting its cash reserves.

Here are the figures on offer:

  • Net sales – 322.6 billion yen (approximately $2.94 billion) – down 9.9% from 2020
  • Operating profit – 119.7 billion yen (approximately $1.09 billion) – down 17.3% from 2020
  • Net profit: 92.7 billion yen (approximately $846 million) -12.9% less than the 2020 equivalent

We’ll have to watch to see how next quarter’s sales, which include those of Zelda: Skyward Sword HD, vary from those of 2020.

Source. Source.