Energy News
TECH SPACE
Zelda, Mario movie boost Nintendo profits
Zelda, Mario movie boost Nintendo profits
by AFP Staff Writers
Tokyo (AFP) Aug 3, 2023

Nintendo reported on Thursday a 52 percent jump in first-quarter net profits thanks to brisk sales of its latest "Zelda" game and the release of "The Super Mario Bros. Movie".

Recording net income of 181 billion yen ($1.26 billion), the Japanese gaming giant left its net profit forecast for the full year to March 2024 unchanged at 340 billion yen.

"The Legend of Zelda: Tears of the Kingdom" had a "good start" after its release in May, recording sales of 18.51 million units, Nintendo said in a statement.

The title's success not only led to a "significant increase" in software unit sales, but also drove hardware sales, Nintendo added.

The game featuring the exploits of Princess Zelda and the elf-like warrior Link has sold 125 million copies worldwide since its first edition in 1986.

The rapid sales of Zelda outstripped this year's other blockbuster game release, "Hogwarts Legacy", based on the "Harry Potter" series, which took two weeks to register 12 million sales.

The April release of "The Super Mario Bros. Movie" -- a joint project of Universal, Nintendo and Illumination studios -- proved to be another bonanza for the Kyoto-based firm.

It was the year's first film to pass the global $1 billion mark at the box office.

The film reignited interest among customers in the gaming series and generated "widespread positive effects" on everything from merchandise to smartphone apps, Nintendo said.

Its premiere "positively impacted sales of 'Mario' related titles, with 'Mario Kart 8 Deluxe' recording sales of 1.67 million units (for cumulative sales of 55.46 million units)", the company said.

Initially "it was said that the performance of the film would have nothing to do with Nintendo's earnings, but it actually boosted sales of Switch consoles", Hideki Yasuda, an analyst at Toyo Securities, told AFP ahead of Thursday's results.

All in all, hardware sales increased 13.9 percent on-year to 3.91 million units, and software sales increased 26.1 percent to 52.21 million units.

Nintendo's April-June results were also buoyed by a weaker yen, which "inflated repatriated sales", Yasuda said.

Related Links
Space Technology News - Applications and Research

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TECH SPACE
US regulator backs off Microsoft-Activision challenge
Washington (AFP) July 21, 2023
The US Federal Trade Commission is suspending its attempt to block Microsoft's buyout of video gaming giant Activision Blizzard, a legal filing showed. The FTC said late Thursday it would not take the case in front of an administrative judge as planned on August 2, though an option to reopen the case would remain. This followed the FTC's stinging defeat in a US federal court earlier this month, when a judge refused a request to block the $75 billion transaction from being finalized, pending the ... read more

TECH SPACE
Detecting threats beyond the limits of human, sensor sight

NASA-led Mission to Map Air Pollution in 3D Over Megacities

PlanetiQ Commences Daily Deliveries of High-Quality GNSS-RO Data to NOAA

Groundbreaking method to speed up aerosol retrieval data from Chinese optical satellite

TECH SPACE
New Galileo station goes on duty

Potential earthquake precursor discovered through GPS measurements

Northrop Grumman's new airborne navigation system achieves successful flight test

Fugro and GomSpace deliver world class position and timing accuracy onboard LEO satellites

TECH SPACE
'Fire whirls' threaten Joshua tree desert in scorching US

Wild camping to be allowed in UK national park after appeal

The fight to save 'sacred' Carpathian forests from loggers

Plans to plant billions of trees threatened by massive undersupply of seedlings

TECH SPACE
Harnessing synthetic biology to make sustainable alternatives to petroleum products

University of Illinois study finds turning food waste into bioenergy can become a profitable industry

New technology will let farmers produce their own fertilizer and e-fuels

Clean, sustainable fuels made 'from thin air' and plastic waste

TECH SPACE
Lunar Regolith to Power Moon Bases: Blue Origin Gets NASA Backing

Solar batteries: a new material makes it possible to simultaneously absorb light and store energy

China's GalaxySpace Debuts Revolutionary Flexible Solar Wing Satellite

New robot boosts solar energy research

TECH SPACE
U.S. identifies three new areas for potential offshore wind energy development

Biden to visit Philly Shipyard to announce construction of offshore wind vessel

New transmission line to carry wind energy electricity from Wyoming to Nevada

Brazil faces dilemma: endangered macaw vs. wind farm

TECH SPACE
Global coal demand to stay near record in 2023: IEA

Nations call for swift fossil fuel exit to tackle climate change

'Like hell': India's burning coalfields

Australian coal earnings expected to plummet

TECH SPACE
US House panel probes BlackRock, MSCI on China investment flow

China slams 'malicious hype' over FM Qin Gang's dismissal

US says concerned over Chinese reclamation in Manila Bay

Hong Kong pollster to stop releasing surveys on Tiananmen, Taiwan

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.