Japan game maker Nintendo reports lower profit as demand for Switch consoles wanes
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 04/02/2025 (283 days ago), so information in it may no longer be current.
TOKYO (AP) — Nintendo’s profits tumbled as sales of its Switch console lost momentum, prompting the Japanese video-game maker to lower its full-year forecasts.
Kyoto-based Nintendo Co., which created the Super Mario franchise, reported Tuesday an April-December profit of 237 billion yen ($1.5 billion), down 42% from the same period the previous year.
Nine-month sales dropped 31% to 956 billion yen ($6 billion), according to Nintendo, which did not break down quarterly results.
The company now expects to rake in a 270-billion yen ($1.7 billion) profit for the fiscal year through March, down from the previous forecast for 300-billion yen ($1.9 billion).
Sales of Nintendo machines for the nine-month period fell to 9.54 million units from 13.7 million last year.
Nintendo now expects to sell 11 million Switch consoles for the full fiscal year, lower than its initial projection of 12.5 million.
Game software sales in April-December declined to nearly 124 million from 164 million, although “Super Mario Party Jamboree,” remained popular, with 6.17 million units sold.
The latest “Legend of Zelda” game software was also in demand, selling 3.4 million units globally after going on sale in September.
Nintendo said, while demand has dwindled for the Switch, now in its eighth year after its debut, it was still being purchased by a significant number of people. The number of Switch players remains above 100 million, it said.
Nintendo is banking on its successor, called Switch 2, which goes on sale later this year. Events where people can try it out are rolling out from April around the world.
Nintendo also noted the opening of Super Nintendo World, an amusement facility, in May at Epic Universe in Orlando, Florida will help woo people to its content.
___
Yuri Kageyama is on Threads:
https://www.threads.net/@yurikageyama