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

Russia bans WhatsApp and promotes state-backed messaging app

Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.

Published

13 hours ago

February 13, 2026

Harvey Vargas

Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.

The Kremlin has officially blocked WhatsApp, urging Russians to switch to MAX, a state-backed messaging app. This move comes after Meta refused to comply with local regulations, sparking debates over digital freedom in the country.

Critics warn that MAX could be used for government surveillance, though authorities deny these claims. The ban highlights Russia’s growing control over foreign tech platforms and its push for locally regulated alternatives.

Activists in Moscow have staged protests calling for an open and unregulated internet, while the public reacts with a mix of concern and resignation.

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News

U.S. secretly sent 6,000 Starlink terminals to Iran after protests

US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.

Published

13 hours ago

February 13, 2026

Harvey Vargas

US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.

U.S. officials report that the Trump administration covertly sent around 6,000 Starlink satellite internet terminals into Iran following widespread protests. The move was designed to bypass strict internet blackouts imposed by authorities in Tehran.

The terminals reportedly enabled activists and dissidents to reconnect with the outside world during periods of severe digital restriction, raising fresh questions about foreign involvement and cyber strategy.

As geopolitical tensions simmer, the revelation underscores how connectivity has become a powerful tool in modern conflict.

#Iran #Starlink #DonaldTrump #MiddleEast #GlobalPolitics #TechNews #InternetFreedom #BreakingNews

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News

Anthropic secures 30 billion in fresh funding as valuation surges

Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.

Published

13 hours ago

February 13, 2026

Harvey Vargas

Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.

Anthropic has secured a staggering $30 billion in fresh funding, catapulting its valuation to $380 billion and cementing its place among the most valuable AI companies in the world. The raise marks the second-largest private technology funding round ever, trailing only OpenAI’s $40 billion deal.

Major backers in this latest round include Singapore’s GIC and Coatue Management, alongside existing heavyweight partners Microsoft and Nvidia. The scale of the investment underscores intensifying global competition in artificial intelligence as capital continues to flood into the sector.

Anthropic’s valuation has more than doubled in just five months, fuelled by rapid enterprise growth. The company now works with eight of the Fortune 10 and boasts more than 500 customers spending over $1 million annually, highlighting surging demand for advanced AI tools across corporate America.

#ArtificialIntelligence #AI #Anthropic #TechNews #VentureCapital #BigTech #Innovation #Startups