Share

Nintendo profit jumps 39% on Switch software sales

Share

TOKYO (AP) — Japanese video game maker Nintendo Co. reported Thursday a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.

The Kyoto-based company behind the Super Mario and Pokemon franchises recorded a 194 billion yen ($1.7 billion) annual profit. Annual sales rose 14% to 1.2 trillion yen ($10.7 billion).

Nintendo says popular Switch software included “Super Smash Bros. Ultimate,” which sold 13.8 million units.

By quarter, Nintendo posted a profit of 25 billion yen ($223 million) for the January-March period, more than five times what it earned the previous year, on 203 billion yen ($1.8) quarterly sales, up 2%.

It expects to ship 18 million Switch devices the current year through March 2020, up from 17 million for the year just ended. The results for the year through March were 3 million fewer than the company had projected.

Trending:
Biden Admin Wants North Korea to Talk Nuclear Disarmament; North Korea Responds With Ballistic Missile

Switch is a hybrid game machine that works both as a console and a tablet. It went on sale about two years ago, but Nintendo said it continued to hope that new game software will continue to drive hardware sales.

Nintendo has been diversifying its business, including theme park facilities, merchandising and movies featuring its characters, hoping to cash in on its rich content.

It is also offering games for smart devices, such as “Pokemon Go.”

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



loading

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




loading

Conversation