Annual estimates remain unchanged.
Since the last set of financial reports Nintendo has enjoyed a positive E3 showing and unveiled the Switch OLED, giving us indications of why the company has remained optimistic of generating major profits this year. The headline summary is that the estimates given in the previous year-end results remain unchanged in today’s Q1 summary – Nintendo anticipates making a major profit this year.
Of course, these numbers will still be down significantly on 2020, a year in which unique and unprecedented global circumstances undoubtedly benefitted Nintendo’s business bottom-lines. Demand for entertainment was higher than ever before, and Switch consoles combined with software behemoths like Animal Crossing: New Horizons struck a nerve and sold in huge numbers.
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