Mixed results for Nintendo

Published

3 years ago

May 10, 2023

ticker NEWS

The company is enjoying box office success, but unsure what the future may be beyond its current console

Nintendo is enjoying the box office success of “The Super Mario Bros. Movie”.

Presenting the gaming firm’s latest results, the company’s president said that the movie had outperformed expectations.

Nintendo is set to launch “The Legend of Zelda: Tears of the Kingdom” this week, one of the most widely anticipated games of the year.

The Kyoto-based firm reported that orders for the game are progressing well.

But there are warning signs at the Japanese company’s core business.

Nintendo said it sees a 17 per cent slide in Switch console sales in the financial year to end-March 2024.

This would mark a third consecutive year of decline for the console, which has been on the market for seven years.

The device has sold over 125 million units – but as interest slows, investor attention is now focused on a potential successor.

No new console device is likely this year.

Nintendo said operating profit fell 15 per cent year-on-year to around $3.73 billion in the year ended March.

The company forecast profit will fall another 11 per cent over the current financial year.

Sam Altman predicts superintelligence could appear by 2028

Sam Altman warns superintelligence may arise by 2028, advocating for global cooperation and a new governing body for AI.

Published

11 hours ago

February 20, 2026

Harvey Vargas

Sam Altman warns superintelligence may arise by 2028, advocating for global cooperation and a new governing body for AI.

OpenAI CEO Sam Altman has issued a bold prediction, suggesting that early forms of superintelligence could emerge as soon as 2028. Speaking at the India AI Impact Summit, Altman emphasised the urgent need for global cooperation to manage AI development responsibly.

He proposed the creation of an international oversight body for AI, similar to the International Atomic Energy Agency, to prevent misuse and ensure ethical advancements. Altman also raised concerns about authoritarian control in exchange for technological gains, highlighting the geopolitical stakes of AI.

With over 100 million users in India alone, ChatGPT has become a key part of the AI landscape. Altman acknowledged potential job disruptions but expressed optimism about society’s ability to adapt to rapid AI changes.

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Tech

Apple faces legal action as West Virginia sues over child safety

West Virginia AG John McCuskey sues Apple for failing to block child abuse material on iCloud and iOS devices.

Published

11 hours ago

February 20, 2026

Harvey Vargas

West Virginia AG John McCuskey sues Apple for failing to block child abuse material on iCloud and iOS devices.

West Virginia’s attorney general John McCuskey has filed a lawsuit against Apple Inc., alleging the tech giant failed to properly prevent child sexual abuse material from circulating on iCloud and iOS devices. The legal action claims the company’s strong stance on user privacy may have come at the expense of child safety protections.

McCuskey argues that other major tech firms, including Google and Microsoft, have taken stronger steps to detect and remove such content. The lawsuit intensifies scrutiny on how Silicon Valley balances encryption, privacy, and online safety.

The case could have major implications for Apple’s privacy-first branding and how platforms police illegal material moving forward.

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Tech

Zuckerberg testifies on social media addiction and child safety

Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.

Published

1 day ago

February 19, 2026

Harvey Vargas

Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.

Meta CEO Mark Zuckerberg, is testifying at a landmark social media trial in Los Angeles, marking a pivotal moment in the debate over online child safety. Lawyers for the plaintiffs argue that Meta intentionally designed its platforms to be addictive, putting young users at risk.

This is the first time Zuckerberg has addressed concerns about child safety directly before a jury, with KGM’s case acting as one of around 20 test trials aimed at gauging how jurors respond to claims that social media companies knowingly fuel harmful engagement.

The outcome could set the tone for future litigation against tech giants and reshape how platforms are designed, regulated and held accountable.

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