Nintendo reports annual earnings this week


Nintendo is set to announce its annual earnings on Thursday this week and all eyes will be set on the Kyoto-based company. Nintendo is expected to announce the first 12 days of sales of the immensely popular Animal Crossing: New Horizons game on the Nintendo Switch system. The company will also provide updated sales figures for the Switch platform which has seen a huge rise in demand during the coronavirus lockdown worldwide.

Japanese gaming giant Nintendo will report full-year results on Thursday. Its earnings will include figures for the first 12 days of video game sales of Animal Crossing: New Horizons, which has become a global hit offering an escape for quarantined players. The Switch console has also seen a rise in demand since the coronavirus outbreak and is expected to have boosted revenue. The company revised upward its outlook for Switch in late January from 18 million to 19.5 million units.