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Nintendo profits are soaring thanks to Mario and Switch



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.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Julian Assange’s last stand before extradition



Julian Assange, the founder of WikiLeaks, is allegedly being targeted by the United States government and former President Donald Trump for his role in exposing classified information.

According to Assange’s lawyer, this targeting is a result of the controversial revelations made by WikiLeaks, which have often put the U.S. government in a precarious position.

Assange, who has been residing in the Ecuadorian Embassy in London to avoid extradition, now faces renewed concerns about his safety and legal battles.

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Qantas appoints new Chairman amid board renewal



Qantas Airways has announced significant changes to its board, including the appointment of John Mullen as the new chairman, as part of its ongoing renewal strategy following a tumultuous period for the airline.

John Mullen, former chairman of Telstra, will assume the role of chairman of Qantas’ board, succeeding Richard Goyder.

John Mullen, former chairman of Telstra.

Mullen will officially join the board as a non-executive director and chairman-elect on July 1, with plans to take on the chairman’s responsibilities ahead of the company’s annual general meeting in October.

In addition to Mullen’s appointment, Dr. Nora Scheinkestel will also join the board as a non-executive director and chair of the remuneration committee effective March 1, 2024.

Read more – how to land a job at Cathay Pacific

Richard Goyder, outgoing chairman of Qantas, remarked that these changes mark a new chapter for the airline following a period of significant challenges, including the early resignation of former CEO Alan Joyce and Goyder’s own decision to step down.

Goyder expressed confidence in Mullen’s ability to lead Qantas into its next phase, citing Mullen’s extensive experience as a director and chairman of large and complex companies, as well as his distinguished executive career in the transport sector both domestically and internationally.

“These changes reflect a new chapter for Qantas, and John brings a wealth of experience that makes him the right choice to lead the national carrier into its next phase,” stated Goyder.

The announcement comes amidst ongoing efforts by Qantas to navigate the challenges posed by the COVID-19 pandemic and reshape its operations to adapt to changing market dynamics.

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Google goes rogue as search engine falls short?



In the digital era, where instant access to information is the norm, Google has emerged as the go-to source for swift answers. However, a recent study has raised a cautionary flag, suggesting that the top search result on Google may not always be the most reliable or accurate.

Dr. Karen Sutherland from USC sheds light on the factors influencing Google search result rankings, emphasizing the importance of users exercising caution to avoid being misled by potentially inaccurate information. The interview explores the role of search engine optimization (SEO) in determining rankings, questions the reliability of the top search result as an indicator of accuracy, and delves into strategies for increasing awareness about the limitations of search engines. As we navigate the vast digital landscape, a critical eye and awareness are essential tools to discern the accuracy of the information provided by the seemingly omnipotent search engine.

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