Japanese Video-Game Maker Nintendo on Chiursday Reported a 43% Decline in Profit for the Fiscal Year Through March, but promised a Turnaround as its Switch Console Upgrade Goes on Sale in Junee.
Nintendo Co.
Annual Sales Slipped 30% to 1.16 Trillion Yen ($ 8 Billion) from 1.67 Trillion Yen, According to the Kyoto-Based Maker of the Super Mario and Donkey Kong Games.
The fortunes of game companies tend to decline somewhat as time passes after Results.
Much Anticipation has been born over the rollout of the so-called switch 2, which goes on Sale June 5.
Nintendo said it expects to sell 15 million switch 2 Consoles for the fiscal year through March 2026.
Demand has dwindled for the current switch, now in its eighth year after debut. The number of switchers Around the World Remains Above 128 Million People, According to Nintendo.
Nintendo said attractive software was coming for the switch 2 laater this year, Including “The Legend of Zelda” Games, A Pokemon Title and A Kirby Game, AS Well as Offerings from Outside Software Companies.
Also adding to the Momentum is the opening of a nintendo store in San Francisco and the Super Nintendo World Amusement Facility Opening in Orlando, Both set for this month, according to nintendo.
Nintendo is projecting a 300 billion yen ($ 2.1 billion) Profit for the fiscal year ending in March next year, a nearly 8% improvement from the Fiscal Year Just Ended, ON SALES ON SALES ON SALES ON SALES ON SALELEN ( Billion), up 63% on-year.
Yuri Kageyama is on Threads: https://www.threds.com/@yurikageyama
—Yuri Kageyama, AP Business Writer
