Latest news with #AtulGoyal
Int'l Business Times
08-05-2025
- Automotive
- Int'l Business Times
Nintendo Forecasts 15 Million Switch 2 Sales In 2025-26
Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line. The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists. The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017. For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings. "Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said. The company last month revealed details about the Switch 2, a hybrid console like its predecessor. However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99. A Japanese-only version for domestic consumers will cost 49,980 yen ($350). Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies. But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console. Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2. Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said. "GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note.
France 24
08-05-2025
- Business
- France 24
Nintendo forecasts 15 million Switch 2 sales in 2025-26
The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists. The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017. For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings. "Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said. The company last month revealed details about the Switch 2, a hybrid console like its predecessor. However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99. A Japanese-only version for domestic consumers will cost 49,980 yen ($350). Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies. But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console. Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2. Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said. "GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note. © 2025 AFP
Business Recorder
24-04-2025
- Business
- Business Recorder
Nintendo's robust lottery applications indicate pent-up Switch 2 demand
TOKYO: Nintendo said on Wednesday it has received 2.2 million applications in the lottery for its Switch 2 gaming device in Japan but cannot fulfil all the demand, indicating significant consumer enthusiasm for the more powerful gaming device. There were far more applications on the My Nintendo Store than expected and the amount that can be delivered on June 5 has been greatly exceeded, Nintendo said in a social media post. Shares jumped 5% in Tokyo on Thursday. 'The number is way beyond expectations,' said Serkan Toto, founder of the Kantan Games consultancy. Nintendo ends online sales of games in Russia 'It not only indicates Switch 2 will be sold out at launch but also the device is likely going to be hard to get for months after.' The launch of the successor to Nintendo's popular Switch gaming device will test the company's ability to manage its supply chain. Nintendo is preparing to sell the device amid a trade war between China and the U.S. and had paused the start of pre-orders in the United States before announcing it would maintain pricing at $449.99. 'Nintendo is ramping up production but initial supply will lag far behind demand,' Jefferies analyst Atul Goyal said in a client note. The Switch 2's predecessor sold 2.7 million units globally in its launch month in 2017 and has gone on to sell more than 150 million units. It is 'shaping up to be another record-breaking hardware cycle. Perhaps an unprecedented super-cycle,' Goyal wrote. Nintendo made roughly a fifth of its sales in the year ended March 2024 in Japan, where the company enjoys a family-friendly reputation and began as a maker of playing cards. The new device, which offers a bigger screen and better graphics, retails for 49,980 yen ($349.19) for a Japanese language system or 69,980 yen for a multi-language version.
Asahi Shimbun
24-04-2025
- Business
- Asahi Shimbun
Nintendo's robust lottery applications indicate pent-up Switch 2 demand
The Nintendo Switch 2 will be released on June 5. ((C) Nintendo) Nintendo said on Wednesday it has received 2.2 million applications in the lottery for its Switch 2 gaming device in Japan but cannot fulfil all the demand, indicating significant consumer enthusiasm for the more powerful gaming device. There were far more applications on the My Nintendo Store than expected and the amount that can be delivered on June 5 has been greatly exceeded, Nintendo said in a social media post. Shares jumped 5% in Tokyo on Thursday. "The number is way beyond expectations," said Serkan Toto, founder of the Kantan Games consultancy. "It not only indicates Switch 2 will be sold out at launch but also the device is likely going to be hard to get for months after." The launch of the successor to Nintendo's popular Switch gaming device will test the company's ability to manage its supply chain. Nintendo is preparing to sell the device amid a trade war between China and the U.S. and had paused the start of pre-orders in the United States before announcing it would maintain pricing at $449.99. "Nintendo is ramping up production but initial supply will lag far behind demand," Jefferies analyst Atul Goyal said in a client note. The Switch 2's predecessor sold 2.7 million units globally in its launch month in 2017 and has gone on to sell more than 150 million units. It is "shaping up to be another record-breaking hardware cycle. Perhaps an unprecedented super-cycle," Goyal wrote. Nintendo made roughly a fifth of its sales in the year ended March 2024 in Japan, where the company enjoys a family-friendly reputation and began as a maker of playing cards. The new device, which offers a bigger screen and better graphics, retails for 49,980 yen ($349.19) for a Japanese language system or 69,980 yen for a multi-language version.
Indian Express
24-04-2025
- Business
- Indian Express
Nintendo's robust lottery applications indicate pent-up Switch 2 demand
Nintendo said on Wednesday it has received 2.2 million applications in the lottery for its Switch 2 gaming device in Japan but cannot fulfil all the demand, indicating significant consumer enthusiasm for the more powerful gaming device. There were far more applications on the My Nintendo Store than expected and the amount that can be delivered on June 5 has been greatly exceeded, Nintendo said in a social media post. Shares jumped 5% in Tokyo on Thursday. 'The number is way beyond expectations,' said Serkan Toto, founder of the Kantan Games consultancy. 'It not only indicates Switch 2 will be sold out at launch but also the device is likely going to be hard to get for months after.' The launch of the successor to Nintendo's popular Switch gaming device will test the company's ability to manage its supply chain. Nintendo is preparing to sell the device amid a trade war between China and the U.S. and had paused the start of pre-orders in the United States before announcing it would maintain pricing at $449.99. 'Nintendo is ramping up production but initial supply will lag far behind demand,' Jefferies analyst Atul Goyal said in a client note. The Switch 2's predecessor sold 2.7 million units globally in its launch month in 2017 and has gone on to sell more than 150 million units. It is 'shaping up to be another record-breaking hardware cycle. Perhaps an unprecedented super-cycle,' Goyal wrote. Nintendo made roughly a fifth of its sales in the year ended March 2024 in Japan, where the company enjoys a family-friendly reputation and began as a maker of playing cards. The new device, which offers a bigger screen and better graphics, retails for 49,980 yen ($349.19) for a Japanese language system or 69,980 yen for a multi-language version.
