Japanese Nintendo's Profit Surges 6.4 Times from April to June Due to COVID-19 Boost
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[Asia Economy Reporter Eunbyeol Kim] Nintendo, Japan's leading game console company, greatly benefited from the COVID-19 boom during April to June this year.
On the 6th, Nintendo announced that its consolidated net profit for April to June this year reached 106.4 billion yen (approximately 1.2 trillion KRW), about 6.4 times that of the same period last year. Sales surged to 358.1 billion yen, doubling compared to the same period last year.
Nintendo analyzed, "Due to the global spread of COVID-19, people spent more time at home, which led to a sharp increase in sales of our main product, the home game console 'Nintendo Switch,' driving strong performance."
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In particular, since March, when the COVID-19 pandemic began in earnest, the Nintendo Switch 'Animal Crossing: New Horizons' edition released then gained popularity, and the paid internet service segment, where users can interact, also showed strong business performance. Sales of Nintendo Ring Fit, which allows users to enjoy gaming and exercise simultaneously, increased to 4 million units as of the end of last month.
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