Nintendo Reports Record Full-Year Profits

[Peter_Brosdahl]

Image: Nintendo



Nintendo published its full-year earnings last week, which revealed unprecedented sales numbers. Aside from a staggering 34.4 percent YOY increase, the largest gain since FY 2008/2009, its operating profit was the highest the company has ever seen. It has provided a $9.2 billion “war chest” that will be used for investing in technological innovation. There is some bad news, however, as the company expects a significant drop in sales for the coming fiscal years amid chip shortages and other factors.



Record year for Nintendo. The company reported revenue of $16.59 billion, up 34.4% YoY. Highest since FY08/09.Operating Profit was $6.04 billion, up 81.8% YoY. This is the highest operating profit the company has ever recorded.Operating profit ratio +9.5 points YoY. pic.twitter.com/aJy8Uff7gM— Daniel Ahmad (@ZhugeEX)...

Continue reading...

 

[Brian_B]

Nintendo has always dominated with their handhelds, and consolidating their entire hardware lineup in a unit like the Switch was probably the smartest move they have made. They can ride this horse for a long time if they want to - their only competitors are the smart phones.

 

[Grimlakin]

ANYONE that sold home entertainment devices raked in cash this year. The people that were there target audience largely worked from home and has a boost from government checks to boot.