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Home»Business
Business

Nintendo set to unveil new console after Switch success leads to increased profits

May 7, 2024No Comments2 Mins Read
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Nintendo has announced that it will unveil a successor to its popular Switch home console before March 2025. The company’s president, Shuntaro Furukawa, stated that an announcement regarding the successor will be made within the current fiscal year. This comes after Nintendo reported a 13% rise in profit for the fiscal year that ended in March, with strong demand for games like “The Legend of Zelda: Tears of the Kingdom.”

In addition to the success of “The Legend of Zelda,” other games like “Super Mario Bros. Wonder” and “Pikmin 4” also saw significant sales figures. The release of the film, “The Super Mario Bros. Movie,” also contributed to the boost in sales for Nintendo. The weakening of the yen against the dollar further benefited the company, increasing the value of overseas earnings. Despite the positive financial results, Nintendo is predicting a decrease in net profit for the fiscal year through March 2025.

Nintendo has sold over 141 million Switch consoles, with 15.7 million units sold in the past fiscal year. As sales start to decline over time, the company relies on a continuous release of entertaining games to maintain momentum. Upcoming titles like “Endless Ocean Luminous” and “Luigi’s Mansion 2” are expected to appeal to fans. Additionally, Nintendo is planning a new film for release in April 2026 and is looking forward to the openings of Donkey Kong Country in Universal Studios Japan and a museum on Nintendo in Kyoto to attract more fans to its franchise.

Overall, Nintendo’s strong financial results and plans for the future indicate a continued focus on innovation and creativity in the gaming industry. The anticipation of a successor to the Switch console and upcoming game releases demonstrate the company’s commitment to providing engaging experiences for gamers worldwide. With exciting developments on the horizon, Nintendo remains a key player in the gaming market and continues to captivate audiences with its unique offerings.

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