Nintendo whose console Switch recently overcame another milestone in salesis not afraid of the appearance Playstation 5 and Xbox Series X On the market. About this company president Shuntaro Furukawa made it clear during the Q&A session with analysts and investors following the presentation of the quarterly report, the portal informs Vgc.
Furukawa noted that Nintendo will announce its own forecasts for the next fiscal year (starting April 1, 2023 and ending March 31, 2023) later. Changes are definitely expected in the industry, the president said, but the Japanese company does not see a big threat to its business.
“We will outline specific figures for the next fiscal year after the end of the current one. Of course, certain changes will occur in the industry when new products from our competitors appear. But we do not believe that the business trends of other companies will have a significant impact on us.”
Previously, a different point of view was voiced by various analysts, including NPD representative Matt Piscatella. They point out that the hybrid concept of Switch is unique, and the main driver of platform sales is high-quality exclusive games from Nintendo and its partners. Switch does not play in the field of advanced graphics, and Nintendo does not fight with other companies for the right to receive marketing rights for the next Call of Duty or Battlefield – they simply do not exist on the system. In addition, many users see Switch as a second system.
https://www.youtube.com/watch?v=RIX1VdvYaWc
At the same time, other analysts point out that Nintendo needs to take a closer look at new business segments, especially with the development of cloud platforms, in the segment of which both Sony and Microsoft will be represented. Experts are convinced that these companies are trying to secure themselves, while Nintendo continues to rely solely on the traditional iron approach. More than 90% of the company’s revenue today is generated directly by Switch. Over the past five years, Nintendo has not been very active in developing the mobile business, as a result of which today it brings relatively little money. The company also very rarely releases mobile projects, which causes dissatisfaction among some investors.
Before the 2023 Olympics in Tokyo, the first Super Nintendo Sword amusement park will open, and for 2023 Nintendo is preparing the premiere of a full-length animated film about Mario.
https://www.youtube.com/watch?v=fTSA709zNzY
Read also: Monster game – Mario Kart 8 sales exceeded 31 million copies.
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