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Forget Netflix. Gaming companies are winning the pandemic

August 12, 2020

Via: Fortune

It’s a good time to be a gamer—and an even better time to be a gaming company. With so many people homebound and seeking indoor entertainment now, video-game makers are profiting wildly.

Take Nintendo. The latest installment of the Japanese firm’s anthropomorphic-homemaking hit Animal Crossing helped deliver “stratospheric” earnings for the company, as the Verge put it. The company reported skyrocketing operating profit of $1.37 billion, up 428% year-over-year. If Nintendo’s supply chain hadn’t been so disrupted by COVID-19 lockdowns, causing global shortages of the Switch console, it’s fair to say Nintendo might have reached the Mesosphere.

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