Latest news with #MSTFinancial
The Star
9 hours ago
- Business
- The Star
Nintendo aims to match Switch success with new console
TOKYO: Nintendo hopes to match the runaway success of the Switch when its levelled-up new console hits shelves on June 5, with strong early sales expected despite the gadget's high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 – making it the third best-selling video game console of all time. But despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 "is priced relatively high" compared to the original device, company president Shuntaro Furukawa said at a financial results briefing in May. "So even if there is momentum around the launch, we know it will not be easy to keep that momentum going over the long term," he warned. Sales of the Switch, which can connect to a TV or be played on the go, were boosted by the popularity of games like Animal Crossing as a pandemic lockdown pastime. The Japanese company forecasts it will shift 15 million Switch 2 consoles in the current financial year, roughly equal to the original in the same period after its release. The new device costs US$449.99 (RM1,911) in the United States, over a third more than the Switch. A Japan-only version is cheaper, at 49,980 yen (RM 1,485 ). New Switch 2 games such as Donkey Kong Bonanza and Mario Kart World – which allows players to go exploring off-grid – are also more expensive than existing Switch titles. Most original Switch games can be played on the Switch 2, and some Switch blockbusters such as Zelda: Breath Of The Wild will have enhanced editions released for the new incarnation. 'Super excited' "People were a bit shocked by the price of Mario Kart World , the first US$80 (RM 339) game that we've ever seen," said Krysta Yang of the Nintendo-focused Kit & Krysta Podcast. While the company is "going to have to do some work" to convince more casual gamers that it's worth upgrading, Nintendo fans are "super excited", she told AFP. The Switch 2 will have eight times the memory of the first Switch, and its controllers, which attach with magnets, can also be used like a desktop computer mouse. Although the new console is not radically different, "a lot of people (are) saying, 'this is what I wanted, I wanted a more powerful Switch – don't mess with a good thing'," said Yang, a former Nintendo employee. New functions allowing users to chat as they play online and temporarily share games with friends could also be a big draw, said David Gibson of MST Financial. "It's a way to appeal to an audience which has got used much more to the idea of streaming games and watching games, as well as playing games," he told AFP, predicting that the Switch 2 will break records in terms of early sales. And success is crucial for Nintendo. While the Super Mario maker is diversifying into theme parks and hit movies, around 90% of its revenue still comes from the Switch business, analysts say. Tariff trouble? Nintendo delayed pre-orders for the Switch 2 in the United States by two weeks as it assessed the impact from President Donald Trump's global assault on free trade. But its pre-orders have since sold out in the US market and elsewhere, with the company boasting of particularly high demand in Japan. Furukawa said in May that Nintendo's financial projections are based on the assumption of US tariffs of 10 percent on products produced in Japan, Vietnam, and Cambodia, and 145 percent on China. "Hardware for North America is mainly produced in Vietnam," he added. Trump's hefty so-called "reciprocal" tariff of 46% on goods from Vietnam is on pause, while those on China have been slashed. Tariff uncertainty could in fact push consumers to buy a Switch 2 sooner, because they are worried that the price could go up, Yang said. Charlotte Massicault, director of multimedia and gaming at the French retail giant Fnac Darty, told AFP that pre-sale demand has been "well above what we imagined". "For us, this will be a record in terms of first-day sales for a games console," she said. The Switch 2 is "less of a family-focused product, and more of a 'gamer' product" compared to the Switch, she said. "That's what Nintendo wanted, and it works." – AFP
Sky News AU
a day ago
- Business
- Sky News AU
Victoria's energy failures have ‘implications' for other states
MST Financial Senior Energy Analyst Saul Kavonic says the Victorian governments failures on energy policy have 'implications' for other states in Australia. 'Taxpayer funded imports – the Victorian government is looking to force that onto federal coffers so we are all going to end up paying for it,' Mr Kavonic told Sky News host Peta Credlin. 'To actually have an import terminal, you are looking at not just a few hundred million dollars for the terminal itself, but you are going to have to start importing gas year-round, buying on an international market ... it's a multibillion-dollar taxpayer commitment.'
Japan Today
3 days ago
- Entertainment
- Japan Today
Nintendo aims to match Switch success with new console
Nintendo hopes to match the success of the Switch when its levelled-up new console hits shelves Thursday, with strong early sales expected despite the gadget's high price By Katie Forster and Kilian Fichou Nintendo hopes to match the runaway success of the Switch when its leveled-up new console hits shelves Thursday, with strong early sales expected despite the gadget's high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 -- making it the third best-selling video game console of all time. But despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over U.S. trade tariffs and whether enough people are willing to shell out. The Switch 2 "is priced relatively high" compared to the original device, company president Shuntaro Furukawa said at a financial results briefing in May. "So even if there is momentum around the launch, we know it will not be easy to keep that momentum going over the long term," he warned. Sales of the Switch, which can connect to a TV or be played on the go, were boosted by the popularity of games like "Animal Crossing" as a pandemic lockdown pastime. The Japanese company forecasts it will shift 15 million Switch 2 consoles in the current financial year, roughly equal to the original in the same period after its release. The new device costs $449.99 in the United States, over a third more than the Switch. A Japan-only version is cheaper, at 49,980 yen ($350). New Switch 2 games such as "Donkey Kong Bonanza" and "Mario Kart World" -- which allows players to go exploring off-grid -- are also more expensive than existing Switch titles. Most original Switch games can be played on the Switch 2, and some Switch blockbusters such as "Zelda: Breath of the Wild" will have enhanced editions released for the new incarnation. "People were a bit shocked by the price of 'Mario Kart World', the first $80 game that we've ever seen," said Krysta Yang of the Nintendo-focused Kit & Krysta Podcast. While the company is "going to have to do some work" to convince more casual gamers that it's worth upgrading, Nintendo fans are "super excited", she told AFP. The Switch 2 will have eight times the memory of the first Switch, and its controllers, which attach with magnets, can also be used like a desktop computer mouse. Although the new console is not radically different, "a lot of people (are) saying, 'this is what I wanted, I wanted a more powerful Switch -- don't mess with a good thing'," said Yang, a former Nintendo employee. New functions allowing users to chat as they play online and temporarily share games with friends could also be a big draw, said David Gibson of MST Financial. "It's a way to appeal to an audience which has got used much more to the idea of streaming games and watching games, as well as playing games," he told AFP, predicting that the Switch 2 will break records in terms of early sales. And success is crucial for Nintendo. While the "Super Mario" maker is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. Nintendo delayed pre-orders for the Switch 2 in the United States by two weeks as it assessed the impact from President Donald Trump's global assault on free trade. But its pre-orders have since sold out in the U.S. market and elsewhere, with the company boasting of particularly high demand in Japan. Furukawa said in May that Nintendo's financial projections are based on the assumption of U.S. tariffs of 10 percent on products produced in Japan, Vietnam, and Cambodia, and 145 percent on China. "Hardware for North America is mainly produced in Vietnam," he added. Trump's hefty so-called "reciprocal" tariff of 46 percent on goods from Vietnam is on pause, while those on China have been slashed. Tariff uncertainty could in fact push consumers to buy a Switch 2 sooner, because they are worried that the price could go up, Yang said. Charlotte Massicault, director of multimedia and gaming at the French retail giant Fnac Darty, told AFP that pre-sale demand has been "well above what we imagined". "For us, this will be a record in terms of first-day sales for a games console," she said. The Switch 2 is "less of a family-focused product, and more of a 'gamer' product" compared to the Switch, she said. "That's what Nintendo wanted, and it works." © 2025 AFP
eNCA
3 days ago
- Entertainment
- eNCA
Nintendo aims to match Switch success with new console
Nintendo hopes to match the runaway success of the Switch when its levelled-up new console hits shelves Thursday, with strong early sales expected despite the gadget's high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 -- making it the third best-selling video game console of all time. But despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 "is priced relatively high" compared to the original device, company president Shuntaro Furukawa said at a financial results briefing in May. "So even if there is momentum around the launch, we know it will not be easy to keep that momentum going over the long term," he warned. Sales of the Switch, which can connect to a TV or be played on the go, were boosted by the popularity of games like "Animal Crossing" as a pandemic lockdown pastime. The Japanese company forecasts it will shift 15 million Switch 2 consoles in the current financial year, roughly equal to the original in the same period after its release. The new device costs $449.99 in the United States, over a third more than the Switch. A Japan-only version is cheaper, at 49,980 yen ($350).New Switch 2 games such as "Donkey Kong Bonanza" and "Mario Kart World" -- which allows players to go exploring off-grid -- are also more expensive than existing Switch titles. Most original Switch games can be played on the Switch 2, and some Switch blockbusters such as "Zelda: Breath of the Wild" will have enhanced editions released for the new incarnation. - 'Super excited' - "People were a bit shocked by the price of 'Mario Kart World', the first $80 game that we've ever seen," said Krysta Yang of the Nintendo-focused Kit & Krysta Podcast. While the company is "going to have to do some work" to convince more casual gamers that it's worth upgrading, Nintendo fans are "super excited", she told AFP. The Switch 2 will have eight times the memory of the first Switch, and its controllers, which attach with magnets, can also be used like a desktop computer mouse. Although the new console is not radically different, "a lot of people (are) saying, 'this is what I wanted, I wanted a more powerful Switch -- don't mess with a good thing'," said Yang, a former Nintendo employee. New functions allowing users to chat as they play online and temporarily share games with friends could also be a big draw, said David Gibson of MST Financial. "It's a way to appeal to an audience which has got used much more to the idea of streaming games and watching games, as well as playing games," he told AFP, predicting that the Switch 2 will break records in terms of early sales. And success is crucial for Nintendo. While the "Super Mario" maker is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. - Tariff trouble? - Nintendo delayed pre-orders for the Switch 2 in the United States by two weeks as it assessed the impact from President Donald Trump's global assault on free trade. But its pre-orders have since sold out in the US market and elsewhere, with the company boasting of particularly high demand in Japan. Furukawa said in May that Nintendo's financial projections are based on the assumption of US tariffs of 10 percent on products produced in Japan, Vietnam, and Cambodia, and 145 percent on China. "Hardware for North America is mainly produced in Vietnam," he added. Trump's hefty so-called "reciprocal" tariff of 46 percent on goods from Vietnam is on pause, while those on China have been slashed. Tariff uncertainty could in fact push consumers to buy a Switch 2 sooner, because they are worried that the price could go up, Yang said. Charlotte Massicault, director of multimedia and gaming at the French retail giant Fnac Darty, told AFP that pre-sale demand has been "well above what we imagined". "For us, this will be a record in terms of first-day sales for a games console," she said. The Switch 2 is "less of a family-focused product, and more of a 'gamer' product" compared to the Switch, she said. "That's what Nintendo wanted, and it works."
Straits Times
3 days ago
- Entertainment
- Straits Times
Nintendo aims to match Switch success with new console launch on June 5
Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017. PHOTO: AFP Nintendo aims to match Switch success with new console launch on June 5 TOKYO – Nintendo hopes to match the runaway success of the Switch when its levelled-up new console hits shelves on June 5, with strong early sales expected despite a high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor. The latter has sold 152 million units since launching in 2017 – making it the third best-selling video game console of all time. But despite buzz among fans and robust pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out money. The Switch 2 'is priced relatively high' compared to the original device, company president Shuntaro Furukawa said at a financial results briefing in May. 'So even if there is momentum around the launch, we know it will not be easy to keep that momentum going over the long term,' he warned. Sales of the Switch, which can connect to a TV or be played on the go, were boosted by the popularity of games like Animal Crossing as a pandemic lockdown pastime. The Japanese company forecasts it will shift 15 million Switch 2 consoles in the current financial year, roughly equal to the original in the same period after its release. The new device costs US$449.99 (S$580) in the United States, over a third more than the Switch. A Japan-only version is cheaper, at 49,980 yen (S$448). New Switch 2 games such as Donkey Kong Bonanza and Mario Kart World – which allows players to go exploring off-grid – are also more expensive than existing Switch titles. Most original Switch games can be played on the Switch 2, and some Switch blockbusters such as Zelda: Breath Of The Wild will have enhanced editions released for the new incarnation. 'Super excited' 'People were a bit shocked by the price of Mario Kart World, the first US$80 game that we've ever seen,' said Ms Krysta Yang of the Nintendo-focused Kit & Krysta Podcast. While the company is 'going to have to do some work' to convince more casual gamers that it is worth upgrading, Nintendo fans are 'super excited', she told AFP. The Switch 2 will have eight times the memory of the first Switch, and its controllers, which attach with magnets, can also be used like a desktop computer mouse. Although the new console is not radically different, 'a lot of people (are) saying 'this is what I wanted, I wanted a more powerful Switch – don't mess with a good thing',' said Ms Yang, a former Nintendo employee. New functions allowing users to chat as they play online and temporarily share games with friends could be a big draw, said Mr David Gibson of MST Financial. 'It's a way to appeal to an audience which has got used much more to the idea of streaming games and watching games, as well as playing games,' he told AFP. He predicts the Switch 2 will break records in terms of early sales. Success is crucial for Nintendo. While the Super Mario maker is diversifying into theme parks and hit movies, around 90 per cent of its revenue still comes from the Switch business, analysts say. Tariff trouble? Nintendo delayed pre-orders for the Switch 2 in the US by two weeks as it assessed the impact from President Donald Trump's global assault on free trade. But its pre-orders have since sold out in the US market and elsewhere, with the company boasting of particularly high demand in Japan. Mr Furukawa said in May that Nintendo's financial projections are based on the assumption of US tariffs of 10 per cent on products produced in Japan, Vietnam and Cambodia, and 145 per cent on China. 'Hardware for North America is mainly produced in Vietnam,' he added. Mr Trump's hefty so-called 'reciprocal' tariff of 46 per cent on goods from Vietnam is on pause, while those on China have been slashed. Tariff uncertainty could in fact push consumers to buy a Switch 2 sooner because they are worried that the price could go up, Ms Yang said. Ms Charlotte Massicault, director of multimedia and gaming at French retail giant Fnac Darty, told AFP that pre-sale demand has been 'well above what we imagined'. 'For us, this will be a record in terms of first-day sales for a games console,' she said. The Switch 2 is 'less of a family-focused product, and more of a 'gamer' product' compared to the Switch, she added. 'That's what Nintendo wanted, and it works.' AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
