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Blockbuster games help Nintendo into a big leap in profit



Tokyo – Nintendo said on Thursday that net profit jumped for almost a quarter over a period of nine months to December, resulting in a key holiday season thanks to titles for the popular Switch console.

The gigantic giant from Kyoto said that "Pokemon" and "Super Smash Bros" gave an additional boost to the third quarter but reduced Sales's annual sales target due to slower hardware delivery than expected.

Its profit at the bottom of the chart rose 24.9% to $ 168.8 billion ($ 1.6 billion) in the period from April to December, when sales amounted to 997.3 billion, or 16.4% more.

"During the holiday season, the software was a major driver of hardware sales," the company said in a statement.

For the year to March, it kept its optimistic annual targets, expecting a net profit of 165 billion pounds, up 18% over the previous fiscal year.

The annual sales target also remained unchanged at 1.2 trillion pounds.

Nintendo's latest Mobile Switch Console has become a global retailer with the help of innovative titles that appeal to families and gamers.

Nintendo shares rose by more than 15% in January, expecting sales to be solid for the Christmas shopping season.

"Nintendo has kept the momentum, showing strong results in the buying season – a key time for the gaming industry," said Hideki Yasuda, an analyst at Ace Research Institute in Tokyo.

Yasuo Imanaka, an analyst at Rakuten Securities in Tokyo, also said: "Powerful software sales led the optimistic performance of Nintendo."

The company announced that three titles – "Super Mario Party", "Pocket Monster Let's Go! Pikachu / Let's Go Eevee" and "Super Smash Bros. Ultimate" – "Become Big Record Record Hits , which helped revitalize the platform. "

Specifically, "Super Smash Bros. Ultimate" – the latest in a series of crossword video games with its star characters ranging from "Pikachu" to "Mario" – has already been sold in 12 million copies since its release in early December.

Nintendo also hopes for hits with several new software titles coming out in the last quarter, including "New Super Mario Bros In Deluxe".

But it has reduced its hardware target value to 17 million units sold by the end of this fiscal year, which is less than the earlier estimate of 20 million.

"We need to look at hardware sales with caution in the next fiscal year because the shipments are not very strong," said Imakan from Rakuth.

Smartphone games can represent competition, "which could jeopardize existing giants in the game," he added.

AFP


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