As a seasoned gamer with over two decades of experience under my belt, I can’t help but feel a pang of nostalgia when I see Nintendo struggling. The Switch has been my go-to console for many a sleepless night, and the thought of it not being in as many homes as it could be is disheartening.
Nintendo is out with earnings results for the first half of its fiscal year ending March 31, 2025, and things are not going great over at the Big N. The company has reduced its internal forecast for FY2025 Net sales by 5.2% and operating profit guidance by 10%. Please take a look.
Despite Nintendo Switch sales falling short of our initial projections during the first half of the fiscal year, there’s been an ongoing enthusiasm for the console even in its eighth year since launch. Our goal is not just to place a single Switch in every household but multiple ones and maybe one per person. To boost hardware sales, we aim to keep highlighting the console’s appeal and regularly releasing new games. In terms of software, following the October release of Super Mario Party Jamboree, we have more titles lined up such as Mario & Luigi: Brothership (November) and Donkey Kong Country Returns HD (January 2025). We also plan to collaborate with other publishers to introduce a diverse range of new games, thereby maintaining the platform’s vitality alongside existing ones.
We’ve adjusted our predictions for both hardware and software sales of the Nintendo Switch for the current fiscal year. This adjustment is based on the sales pattern observed during the first half of the year ending September 30, 2024. Consequently, we’ve also revised the financial projections that were made public on May 7, 2024. For a comprehensive understanding, please refer to the “Revision Notice for Full-Year Financial Forecast” which was released today (November 5, 2024).
Nintendo has kept somewhat modest assumptions for foreign currency exchange rates, setting 140 yen as equivalent to one U.S. dollar and 155 yen as equivalent to one euro. However, the actual exchange rates are currently 152 yen per U.S. dollar and 165 yen per euro. This suggests that Nintendo anticipates a strengthening Japanese yen within the next six months.
Developing…
This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.
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In the context of this article, Asif A. Khan, his relatives, and Virtue LLC held these positions in Shacknews:
Long Nintendo via NTDOY shares
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2024-11-05 10:27