GamingNintendo profits rise to $6.2bn ahead of quiet year
Nintendo has released its latest financial results, showing a strong year in terms of net sales and profits thanks to the success of Zelda: Tears of the Kingdom, Super Mario Bros Wonder and The Super Mario Bros Movie.
For the full year ended March 31, 2024, the platform holder reported net sales rose 4.4% to ¥1.7 trillion ($11 billion) and gross profit up 7.8% to ¥954.3 billion ($6.2 billion). This is despite declines in both hardware and software sales.
The company is expecting a much tougher year, forecasting a 20% drop in net sales for the twelve months ended March 31, 2025.
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