Nintendo warns global chip shortage may hit Switch during gaming boom
By Bloomberg
By Takashi Mochizuki, Debby Wu
Nintendo Co. s earnings beat estimates after hit games like Monster Hunter Rise propped up sales of the Switch, but the company warned that global chip shortages may disrupt production of its marquee device.
It forecast 500 billion yen in operating profit this year, although Nintendo, like many Japanese companies, often begins the fiscal year with a conservative outlook so it has room to raise the figure later. The company is targeting sales of 25.5 million consoles in the current year ending March 2022. Internally, Nintendo s management is shooting for production of between 28 and 29 million consoles, according to people familiar with the projections who asked not to be named disclosing company targets.
Norman Levine s Top Picks: May 7, 2021
Stocks notch all-time high after weak jobs data
Dow average hits record before Fridayâs jobs data No fear of missing out : Billionaire Michael Lee-Chin 50% in cash amid bubble concerns
Kim Bolton s Top Picks: May 6, 2021
TMX trading drops in April by most since before pandemic
Brooke Thackray s Top Picks: May 5, 2021
Tech leads stock losses as vaccine makers decline
Brian Madden s Top Picks: May 4, 2021
Warren Buffett wants to make you happier, smarter and richer
Brendan Caldwell s Top Picks: May 3, 2021
Stocks pare gains into close as Nasdaq 100 drops
Chasing red-hot profit growth is a recipe for stock-market pain
Nintendo Co warns chip crunch might hit Switch
Bloomberg
Nintendo Co’s earnings beat estimates after hit games such as Monster Hunter Rise propped up sales of the Switch, but yesterday warned that global chip shortages might disrupt production of its marquee device.
Nintendo’s better-than-expected results suggest that the COVID-19 boom in gaming that turned Animal Crossing into the world’s online town hall has legs.
The Kyoto-based studio reported operating income of ￥119.5 billion (US$1.1 billion) for the March quarter, trouncing the average forecast of ￥68.3 billion.
A man walks past shelves of Nintendo video games and accessories at the gaming section of a shop in Tokyo yesterday.
30 April 2021, 09:04 pm
The folks at Respawn Entertainment are likely doing happy somersaults right now with the way one of their biggest shooters in recent years is getting increased attention.
Slashgear reports that Titanfall 2 is going to be free-to-play on Steam until May 3
rd, 10 AM PT. Respawn themselves tweeted about this on their official page, and it seemed like a lot of fans to love it. As of this writing, the announcement tweet has had over 15,000 likes and 5,000 retweets.
(Photo : Getty Images)
PARIS, FRANCE - OCTOBER 26: People queue to play the video game Titanfall 2 developed by Respawn Entertainment and published by Electronic Arts during the Paris Games Week on October 26, 2016 in Paris, France. Paris Games Week is an international trade fair for video games to be held from October 26 to October 31, 2016. (Photo by Chesnot/Getty Images)
Konami Holdings Corp reported on Thursday a segmental loss for its gaming and systems division – including casino equipment – in the nine months to December 31. Such loss was nearly JPY1.49 billion (US$14.1 million) compared to a profit of JPY2.42 billion over the same period in 2019.
The performance was on segmental revenue that declined 48.8 percent year-on-year in the reporting period, to JPY11.75 billion, from JPY22.98 billion in the ninth months to December-end 2019, the company added.
The gaming and systems division of the Japanese entertainment conglomerate’s business includes the supply of casino slot machines and casino floor management systems.
In the casino gaming segment, Konami operates outside Japan via Konami Australia Pty Ltd and U.S.-based Konami Gaming Inc.