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Nintendo Direct Highlights Solid 2023 Lineup
The Nintendo Direct event on February 8 highlighted the upcoming Nintendo Switch products. A major focus was on the upcoming The Legend of Zelda: Tears of the Kingdom which launches May 12, 2023, at $70 for the basic version and $130 for the collector’s edition. Nintendo also did a surprise launch of the long-rumored Metroid Prime Remaster, an update of the 2002 GameCube title. Advance Wars 1+2: Boot Camp …..
Nintendo Lowers Switch Forecast Again
For the third fiscal quarter ending 12/31/22, Nintendo announced revenue declined 8% to ¥638,204. Switch unit sales declined 23% in Q3 to 8.2 million. For the full fiscal year ending 3/31/23, Nintendo lowered its forecast for Switch hardware units to 18 million. Software sales for Nintendo were only down 3% in the third quarter. However digital software sales were up 10% and downloads of packaged software was up 28% compared with the previous year quarter. Pokemon Scar…..
Does Nintendo Have the Best Online Subscription Service?
A great deal of attention has been focused on Microsoft’s Game Pass subscription service. However, the recent Microsoft quarterly earnings show that the service does not appear to be doing much for Microsoft’s bottom line. Revenue from both Xbox hardware and content and services declined during the holiday 2022 season. This begs the question, does Microsoft’s game business model make sense…..
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