Related topics: wii · xbox 360 · video game · playstation 3

Nintendo chief: Seeking growth sources as Switch sales slow

Nintendo's president says the Kyoto-based video game maker behind the Super Mario and Pokemon franchises is counting on business outside the game sector for future growth as sales for its Switch console machines fall short ...

Nintendo first-half profit up 25% on Switch console sales

Nintendo said Tuesday its net profit jumped by more than a quarter for the six months to September as blockbuster game titles from the "Donkey Kong" and "Mario" series helped boost demand for its popular Switch console.

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Nintendo

Nintendo Company Ltd. (任天堂株式会社, Nintendō Kabushiki gaisha?) is a multinational corporation located in Kyoto, Japan founded on September 23, 1889 by Fusajiro Yamauchi to produce handmade hanafuda cards. By 1963, the company had tried several small niche businesses, such as a cab company and a love hotel. Eventually, Nintendo developed into a video game company, becoming one of the most influential in the industry and Japan's third most valuable listed company, with a market value of over US$85 billion. Besides video games, Nintendo is also the majority owner of the Seattle Mariners, a Major League Baseball team in Seattle, Washington. According to Nintendo's Touch! Generations website, the name "Nintendo" translated from Japanese to English means "Leave luck to Heaven". As of October 2, 2008, Nintendo has sold over 470 million hardware units and 2.7 billion software units.

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