Every generation thinks they had it the toughest, but for Gen Z, they’re probably right 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
China to Tighten Crude Steel Output Controls and Export Regulation Through 2030 
The pandemic is still disrupting young people’s careers 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
What’s the difference between baking powder and baking soda? It’s subtle, but significant 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Nintendo's Q1 net profit rockets 52%, largely driven by the phenomenal success of the Super Mario movie and The Legend of Zelda: Tears of the Kingdom game, paving the way for a promising fiscal year.
The demand for Nintendo Switch game software was particularly strong, thanks to the release of "The Super Mario Bros. Movie." This film has garnered immense popularity, attracting over 168 million viewers worldwide and grossing $1.3 billion. It now stands as one of the top-selling animation films in history, second only to "Frozen II" and the leading animation film based on a video game. Notably, the 2019 remake of "The Lion King," despite its use of computer graphics and remarkable success, is not categorized as an animation film.
Another contributing factor to Nintendo's positive results was the remarkable popularity of the game, "The Legend of Zelda: Tears of the Kingdom," released in May. This latest addition to the hit action-adventure series has resonated well with gamers.
Nintendo's April-June net profit reached 181 billion yen ($1.3 billion), a significant increase from the previous year. Additionally, quarterly sales rose by 50% to 461.3 billion yen ($3.2 billion).
The company experienced an almost 14% surge in hardware sales, with 3.9 million Nintendo Switch consoles sold. Software sales also grew, with 52 million games sold, a 26% increase. Furthermore, Nintendo benefited from the revenue generated by its intellectual property business, driven by the success of the Super Mario film and other royalties.
Nintendo advocates for multiple Nintendo Switch consoles per household, encouraging family members to engage in shared gameplay experiences. Popular games for such multiplayer interactions include "Pikmin 4," released last month. Nintendo is wisely capitalizing on the growing trend of downloadable versions of games, which proves to be a lucrative source of income.
Nintendo plans to launch more exciting games in the coming months. One of the highly anticipated releases is "Super Mario Bros. Wonder," set to hit the market in October.
While Nintendo maintains its full-year profit forecast at 340 billion yen ($2.4 billion), representing a 21% decrease from the previous year, these impressive results demonstrate its continued success and prominence in the gaming industry.
Photo: Cláudio Luiz Castro/Unsplash
