Nin­tendo records profit on Switch sales suc­cess

The Guardian (Charlottetown) - - BUSINESS - BY YURI KAGEYAMA

Ja­panese video-game maker Nin­tendo Co. has re­versed into profit for the April-June quar­ter from losses the pre­vi­ous year, boosted by the pop­u­lar­ity of its Switch hy­brid game ma­chine.

Ky­oto-based Nin­tendo re­ported Wed­nes­day a profit of 21.26 bil­lion yen ($190 mil­lion) for the fis­cal first quar­ter, im­prov­ing from a 24.5 bil­lion yen loss for the three months through June 30 last year.

Quar­terly sales more than dou­bled to 154.1 bil­lion yen ($1.4 bil­lion) from 62 bil­lion yen the pre­vi­ous year.

Nin­tendo, which makes Su­per Mario and Poke­mon games, left un­changed its full year fore­cast through March 2018, for a 45 bil­lion yen ($402 mil­lion) net profit on 750 bil­lion yen ($6.7 bil­lion) sales.

Nin­tendo sold 1.97 mil­lion Switch ma­chines dur­ing the quar­ter, for cu­mu­la­tive sales of 4.7 mil­lion units since March. It left un­changed its es­ti­mate of sell­ing 10 mil­lion Switch ma­chines in the fis­cal year through March 2018.

The Switch is a new kind of ma­chine for Nin­tendo, which al­lows for play­ing both at home and on-the-go.

The chal­lenge for Nin­tendo has been to keep the sales mo­men­tum go­ing for new con­soles, as they are snatched up in the ini­tial years, but then in­ter­est tends to wane.

Nin­tendo said its Switch game soft­ware sales have been solid, with de­mand strong for “Mario Kart 8 Deluxe, ”ARMS“and ”The Leg­end of Zelda: Breath of the Wild.“

Its Spla­toon 2 has just gone on sale and “Su­per Mario Odyssey” for the Switch will launch in Oc­to­ber.

AP PHOTO/KOJI SASAHARA

In this Jan. 13 file photo, jour­nal­ists wait out­side the venue for the pre­sen­ta­tion of the new Nin­tendo Switch in Tokyo. Ja­panese video-game maker Nin­tendo Co. re­versed into profit for the April-June quar­ter from losses the pre­vi­ous year, boosted by the pop­u­lar­ity of its Switch hy­brid game ma­chine.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.