Coasting on Zelda sales, now 'high time' for new Nintendo console release, says analyst

Record ID: 1736341

  • Title: Coasting on Zelda sales, now 'high time' for new Nintendo console release, says analyst
  • Date: 3rd August 2023
  • Summary: HONG KONG, CHINA (FILE - APRIL 6, 2020) (REUTERS) VARIOUS OF PEOPLE WALKING PAST NINTENDO SWITCH SHOP VARIOUS OF SWITCH GAMES ON SALE
  • Embargoed: 17th August 2023 07:19
  • Keywords: Nintendo Nintendo Switch Serkan Toto Zelda Zelda: Tears of the Kingdom earnings games industry
  • Location: TOKYO, JAPAN / HONG KONG, CHINA / ANIMATION
  • City: TOKYO, JAPAN / HONG KONG, CHINA / ANIMATION
  • Country: Japan
  • Topics: Asia / Pacific,Arts/Culture/Entertainment,Video Games
  • Reuters ID: LVA007191503082023RP1
  • Aspect Ratio: 16:9
  • Story Text: Experiencing robust sales from its blockbuster “Zelda: Tears of the Kingdom” among other titles, this could provide fertile ground for gaming giant Nintendo to release a new console by 2024, an industry expert told Reuters on Thursday (August 3).
    Investor sentiment has been buoyed by the breakout success of the "The Super Mario Bros. Movie," which leads this year's global box office ranking, and praise for video game "The Legend of Zelda: Tears of the Kingdom" which went on sale in May.
    Speaking ahead of the Japanese gaming giant's quarterly earnings report, Toto said it was perhaps time for Nintendo to replace the console, first released in 2017.
    Nintendo on Thursday said it sold 3.91 million units of its Switch console in the April-June quarter.
    That compared with 3.43 million units sold in the same period a year earlier.
    The Kyoto-based gaming firm maintained its full-year forecast for the console of 15 million units.
    It sold 17.97 million units in the previous financial year.
    Nintendo's shares have delivered a more than three-fold return, including dividends, since the Switch went on sale in major markets in March 2017, outperforming the benchmark Nikkei's 91% return over the same period.
    (Production: Tom Bateman)
  • Copyright Holder: FILE REUTERS (CAN SELL)
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