Nintendo’s profit dips slightly as Switch console sales slow

May 9, 2022, 1:52 PM | Updated: May 10, 2022, 1:54 am
A shopper standing on an escalator passes by the Super Mario of Nintendo at an electronics store in...

A shopper standing on an escalator passes by the Super Mario of Nintendo at an electronics store in Tokyo, Monday, Nov. 2, 2020. Nintendo's profit for the fiscal year ended in March was little changed from the previous year, edging down 0.6% to 477.7 billion yen ($3.7 billion), the Japanese video game maker behind the Super Mario and Pokemon franchises said Tuesday, May 10, 2022. (AP Photo/Koji Sasahara)

(AP Photo/Koji Sasahara)

TOKYO (AP) — Nintendo’s profit for the fiscal year ended in March was little changed from the previous year, edging down 0.6% to 477.7 billion yen ($3.7 billion), the Japanese video game maker behind the Super Mario and Pokemon franchises said Tuesday.

Sales for the fiscal year fell 3.6% to 1.7 trillion yen ($13 billion) as fewer Nintendo Switch machines were sold, and IP income from mobile content also declined, according to Kyoto-based Nintendo Co.

But players around the world of the Nintendo Switch, including game fans in South America as well as Asia, now totaled some 102 million people, up from 87 million people the previous fiscal year, Nintendo said.

Especially popular in Nintendo game software lately were “Pokemon Legends: Arceus” and a new Kirby game, according to Nintendo.

Game makers have reaped windfall profits from more people staying home during the coronavirus pandemic over the last two years. But sales of Nintendo Switch consoles had more momentum in the previous fiscal year, driven by its hit game, “Animal Crossing: New Horizons.”

Console sales are often driven by hit games, although the devices tend to sell better early on and then slowly decline in popularity.

Nintendo has said the dearth of computer chips as a result of COVID-19 restrictions has hindered output.

Nintendo faces tough competition not only from longtime rivals in video games such as Microsoft Corp. and Sony Corp. but also newcomers like Netflix and Google.

___

Yuri Kageyama is on Twitter: https://twitter.com/yurikageyama

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Mexican government considering army-run airline

MEXICO CITY (AP) — Mexico’s president said Tuesday his government is analyzing the creation of a state-owned, army-run airline that would fly 10 leased airplanes as well as the former presidential jet. The unusual plan would further boost the army’s increasing economic role in Mexico. The proposal was mentioned in a trove of army documents […]
1 day ago
Associated Press

Judge tosses charges against 7 people in Flint water crisis

A Michigan judge dismissed charges Tuesday against seven people in the Flint water scandal, including two former state health officials blamed for deaths from Legionnaires’ disease. Judge Elizabeth Kelly took action three months after the Michigan Supreme Court said a one-judge grand jury had no authority to issue indictments. Kelly rejected efforts by the attorney […]
1 day ago
German Chancellor Olaf Scholz, right, and Mark Rutte, Prime Minister of the Netherlands, speak at a...
Associated Press

German gas price plan exposes EU divisions over energy

BRUSSELS (AP) — Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses has received a tepid welcome from fellow European Union members, with some worrying that the measure could exacerbate the energy crisis. With a recession looming, Chancellor Olaf Scholz said last week that his government […]
1 day ago
Associated Press

Biden consults Japan PM Kishida after N. Korea missile test

WASHINGTON (AP) — President Joe Biden on Tuesday spoke with Japanese Prime Minister Fumio Kishida to discuss their next steps after North Korea conducted its longest ever test launch by firing a nuclear-capable ballistic missile over Japan. The White House in a statement said the leaders condemned North Korea’s missile test in the “strongest terms, […]
1 day ago
Associated Press

Arms factory explosion in Bulgaria kills 1, leaves 2 missing

SOFIA, Bulgaria (AP) — An explosion in a weapons factory in southern Bulgaria killed a 55-year-old man and left two women missing Tuesday. Health officials have confirmed the death of the man and said one woman was taken to hospital with a severe brain injury. Regional prosecutor Todor Deyanov said rescue teams expected to find […]
1 day ago
Associated Press

3rd Iowa teen takes plea deal in killing near high school

DES MOINES, Iowa (AP) — A third teenager charged with murder in a drive-by shooting death of a 15-year-old boy outside a Des Moines high school in March has agreed to plead guilty to lesser crimes. The plea agreement accepted by a state court judge on Monday may allow Gumaro Marquez-Jacobo, 18, to avoid prison […]
1 day ago

Sponsored Articles

Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.
...

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!
...

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
Nintendo’s profit dips slightly as Switch console sales slow