far-sighted: Nintendo recently announced that it will continue to make gaming products. His next consul, reads an earnings report, is scheduled for 20XX. In other words, it will launch in the next 28,544 days (if there are no delays).
In his report, Nintendo explained that it “plans to continue expanding its business around the core concept of creating unique integrated hardware-software products,” which has worked quite well over the past forty years.
However, this year has not been one of the best so far. Nintendo he lost his first place as a console maker at Sony after the Switch it missed its production target 20 percent off. Its net profit for the first half of this year was down 19 percent from last year.
Nintendo CEO Shuntaro Furukawa attributed part of the recession to last year’s triumphs when Animal Crossing: New Horizons “led the entire Nintendo Switch business.” Over 40% of new Switch owners chose it as their first game.
Nintendo has been able to make up for some of the hardware sales lost recently with further game sales. Its sales forecast for this fiscal year has been updated from 190 million games to 200 million. Its upcoming titles, which include three Pokémon games and another contender from the Legend of Zelda franchise, should be fine.
Nintendo’s master plan for the future is to continue pursuing existing avenues, which include more games, updates to its digital services like Nintendo Switch Online and the Expansion Pack, and potentially further hardware revisions of the Switch when needed.
That said, Nintendo is quite happy with the Switch OLED. Furukawa is optimistic that it will spur a sixth consecutive year of growth in Nintendo’s dedicated console industry, which would be the first.
Nintendo has also found success with its brick-and-mortar stores in Tokyo and New York, is reading another one in Osaka, and is planning more. It is also evaluating sites for Super Nintendo World theme parks in Hollywood, Orlando and Singapore.
Nintendo also wants to follow the Super Mario movie with more “video content”.
Overall, Nintendo’s outlook for the future hasn’t changed much in recent years. Why fix it if it’s not broken?
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