Japan’s Nintendo on Thursday increased its sales forecast for popular gaming consoles from 19 million to 24 million devices as of March 2021, as the COVID-19 pandemic has increased consumer spending on home games.

The increase in sales comes as the Kyoto-based gaming company reported that operating profit from April to September tripled from 94 billion yen (about 67 billion rupees) in the same period last year to 291.4 billion yen ( Approximately 208 billion rupees). Earlier.

Nintendo, a company that has owned the Super Mario franchise for many years, is reluctant to raise prices despite the poor sales of its Switch system. He said that the boost to consumers stranded at home may be temporary.

However, the lockdown and containment measures implemented worldwide to curb the spread of the coronavirus mean that as consumers turn their attention to the year-end shopping season, indicating the continued demand for games, many people’s entertainment options are still limited.

Sony and Microsoft will release next-generation game consoles next week, which will intensify the competition for the mid-range Switch launched in March 2017.

Sony’s game director said last week that pre-release demand for its upcoming game console, the PlayStation 5, exceeded expectations, and the technology giant has raised its full-year forecast.

© Thomson Reuters 2020


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