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    Nintendo promises stronger results with Switch 2 console going on sale in June

    By SHOOTNo Comments192 Views
    The Nintendo Switch 2 is demonstrated during a media event, in New York, Wednesday, April 2, 2025. (AP Photo/Richard Drew, File)

    By Yuri Kageyama, Business Writer

    TOKYO (AP) --

    Japanese video-game maker Nintendo on Thursday reported a 43% decline in profit for the fiscal year through March, but promised a turnaround as its Switch console upgrade goes on sale in June.

    Nintendo Co.’s profit for the fiscal year through March totaled 278.8 billion yen ($1.9 billion), down from 490 billion yen the previous fiscal year.

    Annual sales slipped 30% to 1.16 trillion yen ($8 billion) from 1.67 trillion yen, according to the Kyoto-based maker of the Super Mario and Donkey Kong games.

    The fortunes of game companies tend to decline somewhat as time passes after a new game machine goes on sale since many people have already bought the machine, although new hit software helps boost the results.

    Much anticipation has been building over the rollout of the so-called Switch 2, which goes on sale June 5.

    Nintendo said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026.

    Demand has dwindled for the current Switch, now in its eighth year after its debut. The number of Switch players around the world remains above 128 million people, according to Nintendo.

    Nintendo said attractive software was coming for the Switch 2 later this year, including “The Legend of Zelda” games, a Pokemon title and a Kirby game, as well as offerings from outside software companies.

    Also adding to the momentum is the opening of a Nintendo store in San Francisco and the Super Nintendo World amusement facility opening in Orlando, both set for this month, according to Nintendo.

    Nintendo is projecting a 300 billion yen ($2.1 billion) profit for the fiscal year ending in March next year, a nearly 8% improvement from the fiscal year just ended, on sales of 1.9 trillion yen ($13 billion), up 63% on-year.

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    Tags:NintendoSwitch 2



    Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

    Friday, December 5, 2025
    Attendees visit the Meta booth at the Game Developers Conference 2023 in San Francisco on March 22, 2023. (AP Photo/Jeff Chiu, File)

    Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users.

    The lawsuit, filed in 2024 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms.

    "We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways," said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content.

    Meta said Friday that it strongly disagrees with the allegations and is "confident the evidence will show our longstanding commitment to supporting young people." Its attorney, Mark Mosier, argued in court that the lawsuit "would impose liabilities for performing traditional publishing functions" and that its actions are protected by the First Amendment.

    "The Commonwealth would have a better chance of getting around the First Amendment if they alleged that the speech was false or fraudulent," Mosier said. "But when they acknowledge that its truthful that brings it in the heart of the First Amendment."

    Meta is facing federal and state lawsuits claiming it knowingly designed features — such as constant notifications and the ability to scroll endlessly — that addict children.

    In 2023, 33 states filed a joint lawsuit against the Menlo Park, California-based tech giant claiming that Meta routinely collects data on children under 13 without their parents' consent, in violation of federal law. In addition, states including... Read More

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