The Nintendo Switch is not just allowing Nintendo to smile all the way to the banks, it is also bringing along some of Nintendo’s retail friends along.
At GameStop’s Q4 financial report, CEO Mike Mauler credited the Nintendo Switch as one of the main driver of Q4’s strong sales and hardware growth.
Mike Mauler, chief executive officer, stated, “Our fourth quarter performance continued to demonstrate that GameStop is the preferred destination for the gaming and collectibles customer. Our strong sales performance over the holiday period and throughout the fourth quarter was driven by compelling Black Friday and holiday promotions, driving growth in hardware, particularly the Nintendo Switch. Our industry leading position enabled us to provide customers with the best selection of consoles and games for the best price, in turn increasing our market share for the quarter. Our collectibles business also continued to deliver robust growth, further demonstrating that the business will be an accelerating contributor to GameStop’s profitability.”
Looks like the Nintendo Switch is having quite a positive spillover effect for everyone. You can read the full GameStop Q4 financials PR here.