News

Nintendo profits are soaring thanks to Mario and Switch

Published

2 years ago

February 6, 2024

Nintendo says a positive revision to its financial guidance for the fiscal year ending in March, attributing the boost to robust sales of its popular Switch console and software.

The company now projects a net profit of Y440.00 billion ($2.96 billion) for the fiscal year, representing a 1.7% increase from its previous forecast, which initially predicted a 3.0% decrease in net profit.

Additionally, Nintendo anticipates revenue to reach Y1.630 trillion, reflecting a 1.8% rise compared to its prior forecast, which had anticipated a 1.4% decrease in revenue.

Nintendo’s optimistic outlook is primarily driven by the strong performance of its flagship product, the Nintendo Switch.

The company now forecasts sales of 15.5 million Switch consoles for the fiscal year, up from its initial projection of 15.0 million units.

Switch software

Nintendo expects to sell 190.0 million copies of Switch software, surpassing its earlier estimate of 185.0 million copies.

In the nine-month period ending on December 31, 2023, Nintendo witnessed substantial growth in its financial performance, with net profit surging by 18% year-on-year to Y408.04 billion.

This surge in profitability was accompanied by a 7.7% increase in revenue, which reached Y1.395 trillion.

The financial growth was primarily driven by the outstanding sales of hit titles like “Super Mario Bros. Wonder” and “The Legend of Zelda: Tears of the Kingdom.”

IP income

Nintendo experienced a remarkable 93% year-on-year increase in revenue from mobile and intellectual property-related income during the nine-month period, with earnings amounting to Y75.2 billion.

The company attributes this impressive growth partly to the success of “The Super Mario Bros. Movie,” which had a significant positive impact across Nintendo’s entire business, leading to increased sales of both software and hardware units.

The recent surge in Nintendo’s stock prices is a testament to the market’s optimism regarding the company’s ongoing financial success. Investors appear confident that Nintendo will continue to ride the wave of strong earnings momentum.

News

OpenAI prepares first consumer device amid revenue boom

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

Published

12 hours ago

January 20, 2026

Harvey Vargas

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.

The device comes after OpenAI acquired a promising hardware startup to accelerate development.

The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.

Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.

This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.

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#OpenAI #SmartSpeaker #AIHardware #TechNews #Innovation #Manufacturing #AIRevenue #FutureTech

News

Putin invited to Trump’s Gaza Peace Board

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Published

12 hours ago

January 20, 2026

Harvey Vargas

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Russian President Vladimir Putin has reportedly received an invitation to join the U.S.-led ‘Board of Peace’ for Gaza, according to the Kremlin. The council, created by President Donald Trump, is designed to maintain a ceasefire between Israel and Hamas while overseeing the region’s reconstruction.

Kremlin spokesman Dmitry Peskov said Moscow will review the details of the invitation before responding. The board has already extended invitations to several world leaders, with some nations confirming their participation.

The proposal has sparked debate because the Trump administration reportedly requires participating nations to pay $1 billion to secure a permanent seat. Putin’s potential involvement also raises concerns, given his ongoing conflict with Ukraine.

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#GazaPeace #Putin #Trump #MiddleEast #InternationalRelations #WorldLeaders #Ceasefire #GlobalPolitics

News

Trump escalates Greenland standoff as Europe weighs retaliation

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Published

12 hours ago

January 20, 2026

Harvey Vargas

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Denmark has deployed additional troops to Greenland after President Donald Trump renewed his push for U.S. control of the island, linking the issue to what he claims cost him a Nobel Peace Prize.

The move has raised alarm across Europe, with leaders scrambling to prevent a fresh transatlantic crisis.

Trump has warned of tariffs against countries opposing American control of Greenland, calling the territory vital to U.S. security interests. Norway’s Prime Minister Jonas Gahr Støre has privately raised concerns with Trump, while EU officials assess potential coordinated countermeasures.

Despite the rhetoric, European leaders remain cautious. With U.S. influence deeply embedded in Europe’s defence and security framework, the bloc is keen to avoid further escalation as diplomatic negotiations continue behind the scenes.

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