Recently announced Nintendo financials reveal that Nintendo has posted an operating profit of 427.7% for the quarter of April to June 2020. In that single quarter, they made 144.7 billion yen ($1.4 billion USD). To put that into perspective, the same quarter in 2019 they made a 10.2% profit.
It makes sense considering for most of 2020 thus far, many of us have been cooped up in our houses and gaming is a great source of entertainment, especially if you have children and looking for family-friendly games. Nintendo has become the soundtrack to the pandemic, especially in our household.
It is a similar story for Sony who broke a bunch of records with profits and revenue for Q1 2020 as well. People are turning to games to escape the grim pandemic reality we all find ourselves living in.
All I know is, I should have bought some damn Nintendo stock a few years ago when the Wii-U wasn’t the success they had hoped and their stock price wasn’t as high as it is now. As the saying goes, always bet on Nintendo.