Tag: $Nintendo

Universal Pictures and Nintendo notched the biggest box office weekend of the year with The Super Mario Galaxy Movie, which claimed the top spot with an estimated $372.5 million in global ticket sales through Sunday.

Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the “Super Mario” maker, according to three sources familiar with the situation.

Nintendo raised its forecast for sales of the Switch 2 console in its current fiscal year as momentum for its new flagship console grows.

Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.

Nintendo cut its annual projections for earnings and Switch console sales after posting weak results, underscoring the videogame maker’s difficulty in boosting earnings without a new console.

Nintendo stock fell sharply on Friday, after having rallied to a record high, as the company was coy about its plans for the Nintendo Switch 2 gaming device. The Japanese gaming company provided its first video on the device, which it says will be able to handle games that work on the current Switch device, though some will not work.

Nintendo on Wednesday said it will allow current Switch games to be played on the hit console’s successor as it looks to drum up excitement among its current user base for the highly-anticipated device

Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.

Saudi Arabia’s Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom’s mammoth sovereign wealth fund said it was considering upping its stake.

Saudi Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday.

Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit as it predicts fewer sales of its ageing console.

There was a chance for other technology companies to take the spotlight Monday given the Presidents Day holiday and suspended trading in the U.S..

Nintendo said it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast.

Nintendo said on Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters.

Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday as it continues to get a bump from the “Super Mario Bros. Movie” and flagship Zelda game released this year.

Nintendo
reported a surge in revenue and operating profit for the June quarter boosted by the success of the “Super Mario Bros. Movie” and the the popularity of its latest Zelda game for the Switch console.

Nintendo reported a fall in profit and revenue in its fiscal year driven by a drop in sales of its flagship Switch console.