TOKYO — Japanese video-game maker Nintendo said Tuesday that it will make an announcement about a successor to its Switch home console sometime before March 2025.
Kyoto-based Nintendo Co. reported a 13% rise in profit for the fiscal year that ended in March, boosted by solid demand for Switch software like “The Legend of Zelda: Tears of the Kingdom.”Nintendo’s net profit for the fiscal year through March 2024 totaled 490.6 billion yen , up from 432.7 billion yen in the previous fiscal year. Annual sales rose 4% to 1.67 trillion yen , nearly 80% of it from outside Japan.
Nintendo has sold more than 141 million Switch machines, 15.7 million of them during the fiscal year that just ended.Such sales tend to gradually decline over the years, so offering a steady stream of fun games is crucial.
Source: Gaming Daily Report (gamingdailyreport.net)
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