Bloomberg is reporting that global shortages of the Nintendo Switch console are expected as soon as April due to the coronavirus outbreak affecting production. This is also affecting production in Vietnam which is primarily used to build consoles for the U.S., although Switch shipments for the U.S. in February and March won’t be affected.
Nintendo Shares at 3 Month Low Over Coronavirus Fears
Nintendo Co., Ltd. shares today closed trading at 40,770.00 JPY, a drop of 3.55%, and a new three month low due to fears of the coronavirus. Company President Shuntaro Furukawa admitted that the emergency is “beginning to have more or less an impact on production.” [Thanks, Siliconera]
Nintendo Co., Ltd. President Shuntaro Furukawa has announced the company are consolidating their four Tokyo offices (used for operations including development) into a single office located in Kanda-Nishikicho in Chiyoda Ward. Preparations are currently being made for the move.
In relevant news from Nintendo’s Nine Months Earnings Release for the nine month period ending December 31, 2019: Net sales were 1,022.6 billion yen ($9.39 billion), up 2.5%. Operating profit was 262.9 billion yen ($2.45 billion), up 19.5%. Ordinary profit was 273.4 billion yen ($2.52 billion), up 14.0%. Nintendo Switch hardware sales projections have been raised from 18.0 million to 19.5 million. Summary added below…
Furukawa: “Developers… Can Do As Freely As They Want”
The final part of our translation of the Nikkei interview with Nintendo Co., Ltd. President Shuntaro Furukawa, talks about Esports, not interfering with development, Japan’s declining population, and more. Thanks to BlackKite for the translation. Please credit Japanese Nintendo and link to this post if using any part of this translation elsewhere. Check out part one here and part two here.
Furukawa: “I Don’t Think Dedicated Consoles Will Disappear”
Part two of our translation of the Nikkei interview with Nintendo Co., Ltd. President Shuntaro Furukawa, talks about Google Stadia, cloud gaming, an ‘innovation dilemma’, and ongoing interest in AR. Thanks to BlackKite for the translation. Please credit Japanese Nintendo and link to this post if using any part of this translation elsewhere. Check out part one here and look forward to part three shortly!
In part one of our translation of the Nikkei interview with Nintendo Co., Ltd. President Shuntaro Furukawa, he discusses new technology such as AR, the harshness of the game and entertainment business and the sense of danger he has from games not being “life-essential” products, and can games continue to innovate. Thanks to BlackKite for the translation. Please credit Japanese Nintendo and link to this post if using any part of this translation elsewhere. Look out for future parts shortly.
After Nintendo Switch launched in mainland China today, Nintendo Co., Ltd. (7974.T) shares have soared by almost 6% (5.88%) already this week in Japan and are again at an almost 19 month high of 46,370.00 JPY.
Nintendo Switch Sells 830k During Thanksgiving Week
Nintendo have announced that the Nintendo Switch family of systems sold more than 830,000 units in the United States over Thanksgiving week. Total Switch numbers in the Americas are 17.5 million units. Pokémon Sword / Shield games have already sold more than 3 million in the Americas. Other notable numbers include Mario Kart 8 Deluxe at 8.5 million, Super Smash Bros. Ultimate at 8 million, Super Mario Odyssey, at 6.5 million, and New Super Mario Bros. U Deluxe at 1.5 million. Thanks to Daniel Ahmad.