Nintendo Nintendo Switch

Nintendo Switch Helps Growth In First Quarter For Best Buy

The demand for the Nintendo Switch upon release in March has helped improve Best Buy’s share price in the first quarter, with their shares rising to as much as 19% to $59.92 in New York trading.

The chain advised that their electronics sales have “leapt forward” with thanks to the new Nintendo Switch. They promoted the product both online and in their retail stores with stock selling out quickly on pre-orders.

Best Buy’s CEO Hubert Joly had stated that “the year is off to a strong start,” in a call with reporters. He also advised that, “this is a performance that shows the strength in our customer value proposition.”

On top of this, Best Buy has predicted another sales gain in the current quarter, with growth expected to range from 1.5% to 2.5%. They are also expecting a revenue of $8.6 billion to $8.7 billion.

Source

Thanks, RidleySlayer

 

9 comments

  1. ||Excellent report Ridleyslayer, now they must increase our space…||

    1. Last I was there, they only had half an aisle for Switch. I’m sure they can be… persuaded to expand, but they’ll need more items to fill the space.

    2. I got my system from them, so I guess I’m living proof, Your Grace. But I haven’t been back since their accessory isle in my local branch has literally been a ghost town since launch.

      1. ||Good, The First Order is pleased, I will be amongst you very soon…||

  2. The key point here is that this is fact of the succes and high demand of nintendo switch. This is a irrefutable proof that the low stock is NOT (primarily) artificial.

  3. King Kalas X3 {Greatness Awaits. This use to be something that awaited those for all consoles. It's sad it's mostly just a PS4 slogan these days. Maybe Nintendo will get back to that greatness with the Switch. Only time will tell.} says:

    What about restock of Majora’s Mask Link amiibo, fuckers!?

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