Nintendo and other game and toy makers make their biggest profits during the holiday shopping season.
Nintendo, the Japanese video game maker behind the Super Mario franchise, saw a 60% drop in profits during the first half of its financial year, as demand for its Switch console, now in its eighth year of sales, declined.
Kyoto-based Nintendo Co. reported a profit of 108.7 billion yen (653 million euros) for the period from April to September, as sales fell 34% from a year earlier to 523 billion yen ($3.1 billion).
More than 74% of its sales income They came from abroadaccording to Nintendo, without giving a breakdown in quarterly figures. Global Switch sales during the period fell to 4.7 million machines from 6.8 million units a year earlier.
But Nintendo said Switch sales were still growing and promised to stick to its goal of selling a Switch console to each individualnot just one Switch for each home.
Nintendo maintained its previous projection of a profit of 300 billion yen (1.8 billion euros) for the full fiscal year until March 2025almost 29% less than the previous fiscal year.
It was forecast that annual sales would fall 23% to 1.28 trillion yen (7.7 billion euros).
Reduced sales forecast
Also reduced its sales projection Switch for the fiscal year to 12.5 million units from a previous forecast of selling 13.5 million.
Nintendo and other game and toy makers make their biggest profits during the christmas shopping seasonas well as New Year’s, a holiday celebrated with fanfare in Japan, when children receive cash gifts from their grandparents and other relatives.
Nintendo has not yet announced details about a Switch successor.
Among the best-selling gaming software titles in the fiscal half are Paper Mario RPG, which has sold 1.95 million units since it went on sale in May, and Luigi Mansion 2 HD, which reached almost 1.6 million units in sales.
In total, more than 70 million Switch games were sold during the period, for a total of nine titles that became titles. with sales of one millionincluding products from third-party manufacturers or manufacturers other than Nintendo.
However, that was down from the more than 97 million games sold the previous year. The release of a movie Super Mario Brothers boosted sales in the previous fiscal year, while the absence of such a movie this fiscal year negatively affected the latest results, Nintendo said.
Revenues also fell mobile game deals and IP-related businesses, he said.
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