Nintendo sees slower console sales, lifts profit guidance on weaker yen
2 years, 1 month ago

Nintendo sees slower console sales, lifts profit guidance on weaker yen

The Hindu  

Japanese videogame maker Nintendo Co Ltd raised its annual profit forecast by 18% on Tuesday as a softer yen helped offset slower-than-expected Switch console sales. Nintendo, which earns about 80% of its revenues overseas, expects its net profit to come to 400 billion yen for the year to March 2023, up from the previous forecast of 340 billion yen. The creator of such blockbuster titles as "Super Mario Bros." and "Legend of Zelda" cut its Switch console sales forecast for the business year to 19 million units from 21 million. Nintendo sold 6.68 million units of its Switch console in the six months to September 30, down from 8.28 million a year earlier.

Nintendo Switch Yen Profit  lifts  slower  guidance  console  billion  sold  forecast  switch  sees  sales  yen  profit  million  weaker  nintendo  units

History of this topic

Nintendo profits fall as sales of Switch console dip worldwide
1 month, 2 weeks ago

Nintendo profits fall as sales of Switch console dip worldwide

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Gaming giant Nintendo has reported …

Nintendo cuts annual profit forecast 10% as Switch sales slow
1 month, 2 weeks ago

Nintendo cuts annual profit forecast 10% as Switch sales slow

The Hindu  

Nintendo cut on Tuesday its operating profit forecast for the year to March 2025 by 10% to 360 billion yen, as its ageing Switch console loses steam. The Kyoto-based gaming company sold 4.7 million Switch consoles in the first half of the financial year. Nintendo lowered its full-year sales forecast for the console, which is in its eighth year on …

Nintendo reports trailing profit as sales of aging Switch game console slide
4 months, 3 weeks ago

Nintendo reports trailing profit as sales of aging Switch game console slide

Associated Press  

TOKYO — Japanese video game maker Nintendo reported Friday a 55% drop in profit in the April-June quarter as sales slipped in both machines and game software compared to last year. Profit at Nintendo Co., owner of the Super Mario and Pokemon franchises, totaled 80.95 billion yen in the last quarter, down from 181 billion yen a year earlier. Software …

Nintendo reports trailing profit as sales of aging Switch game console slide
4 months, 3 weeks ago

Nintendo reports trailing profit as sales of aging Switch game console slide

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese video game maker Nintendo …

Japan’s Sony reports surge in profit on strong sales of movies, games and music
7 months, 1 week ago

Japan’s Sony reports surge in profit on strong sales of movies, games and music

Associated Press  

TOKYO — Profit at Sony surged 34% in the last quarter on strong sales of its video games, music and movies, the Japanese electronics and entertainment company said Tuesday. Tokyo-based Sony Corp.’s quarterly profit totaled 189 billion yen, up from 141 billion yen the year before. For the fiscal year through March, Sony recorded a 3% decline in profit at …

Nintendo to announce Switch successor in this fiscal year as profits rise
7 months, 2 weeks ago

Nintendo to announce Switch successor in this fiscal year as profits rise

Associated Press  

TOKYO — Japanese video-game maker Nintendo said Tuesday that it will make an announcement about a successor to its Switch home console sometime before March 2025. “We will make an announcement about the successor to Nintendo Switch within this fiscal year. Kyoto-based Nintendo Co. reported a 13% rise in profit for the fiscal year that ended in March, boosted by …

Japan’s Nintendo profits jump as its game sales get a boost from the hit Super Mario movie
1 year, 1 month ago

Japan’s Nintendo profits jump as its game sales get a boost from the hit Super Mario movie

Associated Press  

TOKYO — Nintendo reported an 18% rise in net profit for its first fiscal half on Tuesday, as sales continued to get a boost from its hit Super Mario movie, and the popularity of its software for various new video games. Demand remained strong for Nintendo Switch game software, which got a healthy lift from the film starring the jumping …

Nintendo’s profit dips slightly as Switch console sales slow
2 years, 7 months ago

Nintendo’s profit dips slightly as Switch console sales slow

Associated Press  

TOKYO — Nintendo’s profit for the fiscal year ended in March was little changed from the previous year, edging down 0.6% to 477.7 billion yen, the Japanese video game maker behind the Super Mario and Pokemon franchises said Tuesday. Sales for the fiscal year fell 3.6% to 1.7 trillion yen as fewer Nintendo Switch machines were sold, and IP income …

Nintendo's profit dips slightly as Switch console sales slow
2 years, 7 months ago

Nintendo's profit dips slightly as Switch console sales slow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Nintendo reports slump in quarterly sales for its flagship Switch console
3 years, 4 months ago

Nintendo reports slump in quarterly sales for its flagship Switch console

The Hindu  

Japan's Nintendo Co Ltd said on Thursday sales of its Switch console fell 22% in the first quarter as demand for the hit device fades in its fifth year on the market. Nintendo saw sales of Switch Lite units more than halve to 1.14 million during the April-June quarter but maintained its full-year forecast for Switch hardware at 25.5 million …

Nintendo Switch, Like Sony PS5, Is Also Struggling With Supply Due to Ongoing Chip Shortage
3 years, 7 months ago

Nintendo Switch, Like Sony PS5, Is Also Struggling With Supply Due to Ongoing Chip Shortage

News 18  

We all know Sony?s struggles with keeping the PlayStation 5 stocks enough to meet the outrageous demand the Japanese maker?s latest gaming console. Nintendo President Shuntaro Furukawa recently suggested that the shortage of semiconductors is constraining production for Switch, which means the handheld console may be difficult to purchase in the near future. Nintendo is expected to ship about 25.5 …

Nintendo forecasts decline in Switch sales, warns of chip uncertainty
3 years, 7 months ago

Nintendo forecasts decline in Switch sales, warns of chip uncertainty

The Hindu  

Japan's Nintendo Co Ltd on Thursday forecast annual Switch console sales to fall 11.5%, in what would be the first decline for the five-year-old device after riding a pandemic-induced boom in home gaming. Last week, the share price of rival Sony Group Corp fell after the firm said the chip shortage would likely prevent it from drastically boosting console production. …

Nintendo profits boom as people stuck at home play games
3 years, 7 months ago

Nintendo profits boom as people stuck at home play games

Associated Press  

TOKYO — Nintendo Co.’s profit for the fiscal year that ended in March jumped 86% on healthy sales of its Switch handheld machine as people stayed home due to the pandemic, turning to video games for entertainment. Annual profit for the Japanese maker of Super Mario and Pokemon games totaled a record 480.4 billion yen, up from 258.6 billion yen …

Sony struggles to build more PS5s amid global shortage of semiconductors
3 years, 10 months ago

Sony struggles to build more PS5s amid global shortage of semiconductors

Live Mint  

TOKYO: Japan's Sony Corp raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content, but said it was struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors. Sony now expects 940 billion yen in operating profit in the 12 months through March compared with the 700 billion yen it …

Microsoft sets sights on Sony’s home turf in game console clash
4 years, 1 month ago

Microsoft sets sights on Sony’s home turf in game console clash

Live Mint  

In the battle of the next-generation gaming machines, two key players are moving in different directions. Sony has placed more importance on the U.S. market after the PlayStation 4’s disappointing performance in Japan, according to employees who asked not to be identified discussing internal matters. “It’s analyst consensus that PlayStation no longer sees the Japan market as important," Morningstar Research …

Nintendo Raises Switch Forecast To 24 Million Units On Pandemic Gaming Boom
4 years, 1 month ago

Nintendo Raises Switch Forecast To 24 Million Units On Pandemic Gaming Boom

News 18  

Japan’s Nintendo on Thursday said it expects to sell 24 million of its Switch games consoles in the year ending March 2021, up from a forecast of 19 million but still seen as cautious, as the COVID-19 pandemic drives a gaming boom. The Kyoto-based gaming company also hiked its operating profit forecast by 50 percent to JPY 450 billion as …

Nintendo profits jump 400% thanks to the Switch and ‘Animal Crossing’
4 years, 4 months ago

Nintendo profits jump 400% thanks to the Switch and ‘Animal Crossing’

CNN  

Hong Kong CNN Business — Nintendo sales are still soaring. The company said it made 145 billion yen in operating profit for the quarter ended June, marking a 428% surge compared to the same time a year ago. It added that the game was its bestseller this quarter, “contributing greatly to the overall growth in software sales.” Nintendo has sold …

Discover Related