Nintendo: China opens the door to Switch and Super Mario
5 years, 8 months ago

Nintendo: China opens the door to Switch and Super Mario

CNN  

Hong Kong CNN Business — Shares in Nintendo soared 14% in Tokyo on Friday after China opened the door to sales of the company’s popular Switch console. Authorities in the Chinese province of Guangdong have granted internet giant Tencent preliminary approval to distribute the Switch, giving Nintendo greater access to the world’s biggest video games market. According to market research firm Newzoo, revenue from China’s video games market reached $38 billion in 2018. The prospect of Nintendo partnering with Tencent to bring franchises like Super Mario Bros. and Pokemon to China’s huge mobile gaming market is mouth-watering for investors, he added.

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History of this topic

Nintendo Chief insists the Switch momentum will keep going, even after its successor
2 months ago

Nintendo Chief insists the Switch momentum will keep going, even after its successor

The Independent  

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Nintendo profits fall as sales of Switch console dip worldwide
2 months 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
2 months 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
5 months, 1 week 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
5 months, 1 week 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 …

Nintendo to announce Switch successor in this fiscal year as profits rise
8 months 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, 2 months 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 sees slower console sales, lifts profit guidance on weaker yen
2 years, 2 months 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 …

Nintendo shares jump 5% on record 'Splatoon' launch
2 years, 3 months ago

Nintendo shares jump 5% on record 'Splatoon' launch

The Hindu  

Shares in Nintendo Co Ltd. jumped 5% on Tuesday after the Japanese gaming company reported record domestic launch sales for its shooter "Splatoon 3" on the Switch console. The latest "Splatoon" title, in which players engage in an inky turf war, sold more than 3.45 million units in the three days following its September 9 launch. The strong early numbers …

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  

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Nintendo reports slump in quarterly sales for its flagship Switch console
3 years, 5 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 forecasts decline in Switch sales, warns of chip uncertainty
3 years, 8 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, 8 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 …

Nintendo profits boom as people stuck at home play games
3 years, 8 months ago

Nintendo profits boom as people stuck at home play games

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 Nintendo Co.’s profit for the …

From Zoom to Quibi, the tech winners and losers of 2020
4 years ago

From Zoom to Quibi, the tech winners and losers of 2020

Live Mint  

We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. Quibi Less than a year ago, Quibi launched a splashy Super Bowl ad that posed the question “What’s a Quibi?” People may still be scratching their heads. Uber and Lyft Fresh off of their initial public …

Nintendo Raises Switch Forecast To 24 Million Units On Pandemic Gaming Boom
4 years, 2 months 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's profit soars as pandemic has people playing games
4 years, 2 months ago

Nintendo's profit soars as pandemic has people playing games

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 Nintendo, the Japanese company behind …

Nintendo profits jump 400% thanks to the Switch and ‘Animal Crossing’
4 years, 5 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 …

Nintendo earnings: ‘Animal Crossing’ helped profits skyrocket last year
4 years, 8 months ago

Nintendo earnings: ‘Animal Crossing’ helped profits skyrocket last year

CNN  

Tokyo CNN Business — The success of the Nintendo Switch during the coronavirus pandemic propelled the Japanese video company to a banner year. Nintendo said on Thursday that it made 352 billion yen in operating profit for the fiscal year ended in March — a 41% surge from a year ago, and the highest in nine years. “Animal Crossing” and …

Mario like Mickey? Nintendo banks on profits from characters
4 years, 11 months ago

Mario like Mickey? Nintendo banks on profits from characters

Associated Press  

TOKYO — Will Mario follow in the steps of Mickey Mouse? Japanese video game maker Nintendo Co. said Friday it is bullish about profiting from its characters by mirroring the historical appeal of the Disney franchise. With October-December profit at 134 billion yen, up from 104 billion yen a year earlier, it raised its full year Switch sales forecast to …

Nintendo granted approval by China to sell first Switch console game in the country
5 years, 2 months ago

Nintendo granted approval by China to sell first Switch console game in the country

Firstpost  

China announced on Tuesday its approval for the Nintendo’s hit ‘New Super Mario Bros. U Deluxe’ to be sold. China granted approval for Nintendo Co to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world’s biggest game market. The State Administration of Press, Publication, …

Nintendo share prices rise by 4 percent after Switch Lite announcement
5 years, 5 months ago

Nintendo share prices rise by 4 percent after Switch Lite announcement

Firstpost  

The Nintendo Switch Lite is a cheaper and smaller alternative to the Switch priced at $199. Shares in Japan’s Nintendo Co rose more than 4 percent on Thursday after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. The Kyoto-based company said the new device would launch on 20 …

Nintendo Switch sales warning sends stock plummeting
5 years, 11 months ago

Nintendo Switch sales warning sends stock plummeting

CNN  

Hong Kong CNN Business — When it was first released, Nintendo’s Switch console was so popular that the company struggled to ship enough devices to meet the huge demand. Blockbuster sales of the Switch, a hybrid gaming console that allows users to to play it on the go and at home, have helped drive up Nintendo’s profits and stock price. …

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