Animal Crossing drives Nintendo Q1 profits up 500% to $1bn

August 14th, 2020, 23:23 Posted By: wraggster

Nintendo is off to an incredible start for the first quarter of its financial year, thanks to the success of Animal Crossing: New Horizons.
For the three months ended June 30, the platform holder reported net sales had more than doubled year-on-year to ¥358.1 billion ($3.4 billion).
Net profit rose to ¥106.4 billion ($1 billion), up by a massive 541.3% when compared to the same period last year.
Unsurprisingly, the biggest driver was Animal Crossing: New Horizons. The game shipped 10.6 million copies worldwide during the quarter, bringing its lifetime shipment to 22.4 million.
The estimated sell-through for Animal Crossing -- i.e. units purchased by consumers -- stands at over 20 million as of the end of June.
This puts the game on course to double the 12 million units sold by 3DS outing Animal Crossing: New Leaf, the previous best-selling entry in the series.
While the ratio differs by region, Nintendo also reports around 50% of all Animal Crossing copies sold in Japan, the US and Europe were digital.
In terms of physical copies, Animal Crossing has been a key system-seller. Of all the Switch consoles sold or played for the first time during this quarter, more than half were used to play Animal Crossing on the first day.

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