Switch Soars

    • Nintendo sold 12.5 million Switch consoles from April to September.
    • This article was first published in the FOS Daily Newsletter. Subscribe here.

Today's Action

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Nintendo sold 12.5 million Switch consoles from April to September, an 81% year-over-year increase.

During the same six month period, Animal Crossing: New Horizons sold more than 14 million copies. Thanks to the success of both, Nintendo’s operating profit in the first half of its fiscal year climbed to $2.8 billion, up 209% compared to the previous year.

Nintendo has raised its forecasts and expects Switch sales to hit 24 million this year and profits to reach $4.3 billion. Shares are up nearly 40% year-to-date.

Notable Earnings Reports This Week:

11/9 — Allied Esports Entertainment, Callaway Golf

11/12 — The Walt Disney Co. 

11/13— DraftKings