US EditionNintendo posts quarterly profit rise, sees no major hit from chip price spike
Nintendo’s profit rose 51% in nine months with nearly 17.4 million Switch 2 units sold, maintaining its full-year sales and profit forecast despite chip cost concerns.
- 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.
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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.
Associated Press News
Japanese game maker Nintendo reports robust profits on hit Switch 2 console
Nintendo has reported a 51% rise in profit for the first three quarters of its fiscal year as the Japanese video-game maker continues to score success with its revamped Switch machine.
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