US EditionNintendo posts quarterly profit rise, sees no major hit from chip price spike
Nintendo's profit rose 51% with 17.4 million Switch 2 units sold in nine months; full-year sales target remains 19 million units amid rising chip prices.
- On Tuesday, Nintendo Co., Kyoto-based video-game company, reported April–December profit rose 51% to 350 billion yen and revenue nearly doubled to 1.9 trillion yen.
- Launched on June 5, the Switch 2 sold nearly 17.4 million units by the end of December, marking its briskest rollout compared with the Switch 1.
- Amid surging AI data centres, memory microchips' rising prices threaten to push up manufacturing costs, gaming industry consultant warned, with manufacturers keeping quiet about the impact.
64 Articles
64 Articles
Nintendo rakes in huge profits as 'Switch 2' proves to be major hit
The runaway success of the Switch 2 console drove up Nintendo's net profit by more than 50 percent in the nine months to December, the Japanese video game giant said Tuesday. But a global memory chip shortage, created by massive demand for artificial intelligence hardware, threatens to push up manufacturing costs for the "Super Mario" maker. The Switch 2 became the world's fastest-selling games console after launching to a fan frenzy last summer…
The Japanese video game manufacturer reported that its revenue nearly doubled during the period, reaching 1.906 trillion yen, and that it forecasts a 25% increase in profit for the fiscal year ending in March.
Nintendo April-Dec. sales double as Switch becomes top-seller
Nintendo Co. said Tuesday its sales nearly doubled from a year earlier to 1.91 trillion yen ($12.28 billion) in the nine months through December, driven by strong demand for the Switch 2 gaming console, which was released last year.
Japanese video game and console maker Nintendo reported a net profit of 358.9 billion yen (1.95 billion euros) in the first nine months of its fiscal year that began in April. This is 51 percent more than in the same period a year earlier. The higher profit was mainly due to good sales of the Switch 2 console.
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