Nintendo Switch Taps Pandemic Momentum to Raise Sales Forecast to 2.4 Million Units

Nintendo Switch Taps Pandemic Momentum to Raise Sales Forecast to 2.4 Million Units

Nintendo of Japan on Thursday raised the sales forecast for its hit game console Switch to 2.4 crore devices in the year ending March 2021 from 1.9 crore previously as the COVID-19 pandemic increases consumer spending. in domestic games.

The jump in sales forecast came as the Kyoto-based gaming company reported that operating profit for April-September tripled to JPY 291.4 billion (roughly Rs. 20.8 billion rupees) from JPY 94 billion (roughly Rs. 6.7 billion rupees) in the same period of the year. earlier.

Nintendo, home of the perennial Super Mario franchise, had been reluctant to raise forecasts despite sales Change system, saying the momentum from consumers stuck at home may prove transitory.

But closures and restrictions imposed around the world to try to stop the spread of the coronavirus it means that entertainment options remain restricted for many as consumers look towards the year-end shopping season, pointing to continued demand for games.

Sony and Microsoft Both will launch next-gen consoles next week, adding to the competition for the mid-cycle Switch, which launched in March 2017.

Sony’s gaming chief said last week that pre-launch lawsuit for your next console, the Playstation 5, is beating expectations, with the tech giant raising its forecast for the full year.

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