Nintendo Ekes Out First Operating Profit In 4 Years
Nintendo posted a modest $204 million in profits for the quarter, thanks more to depreciation in the currency market than its own performance.
Nintendo posted its first operating profit since 2011 this week.
It appears Nintendo has currency exchange markets to thank for its quarter in the black, and it even says so in its earnings report. A depreciating Yen helped the gaming company post an operating profit of about $204 million.
One thing's clear: Nintendo's own products weren't doing much to help. Sales actually fell about four percent on the quarter.
Nintendo occupies a perennial third place behind Microsoft's Xbox and Sony's PlayStation consoles, and this quarter was no exception. Nintendo missed its projections for both its Wii U console and 3DS handheld sales. (Video via Nintendo)
Nintendo tends to return to a stable of franchises for games to run on its devices: think "Pokemon," "Mario Kart" and "The Legend of Zelda." (Video via Nintendo)
And "Super Smash Bros.," a game in which characters from its various properties beat each other up. It itself is a repeating franchise. (Video via Nintendo)
"Super Smash Bros." especially sold better than expected, which helped its quarterly numbers a bit. Nintendo says it'll keep leaning on the success of Super Smash and "Mario Kart 8" with downloadable content this year.
But Nintendo has its eyes on more than just a single year of improvement, and to get it, it's stepping out of its console-gaming wheelhouse and expanding its audience.
As Time reported in March, the company has partnered with mobile developer DeNA and granted the group full access to its intellectual property to make games for smartphones and tablets. Nintendo and DeNA say the first game from the partnership will arrive by the end of 2015. (Video via Nintendo)
And on Thursday, news broke Nintendo will start to leak into the real world. Nintendo and Universal Parks & Resorts announced certain properties and characters would get their own theme park attractions, though exactly what or who we can expect is still under wraps.
This video includes images from Getty Images and music by Broke for Free / CC BY NC 3.0.
San Francisco Will Allow Police To Deploy Robots That Kill
San Francisco police would only use killer robots "in extreme circumstances to save or prevent further loss of innocent lives," a spokesperson said.By Eric Risberg / AP
Pepsi Contest Calls For Mixing Soda And Milk For 'Pilk And Cookies'
Pepsi's new sweepstakes builds on a TikTok trend by asking fans to mix up a soda and milk, or 'pilk,' for a pilk and cookies holiday photo.By Pepsi
Fmr. CIA Official Calls For Restrictions On Officers Working At TikTok
The CIA's former acting general counsel told Newsy Congress should put post-employment restrictions in place.By Michael Dwyer / AP
How To Become A Millionaire By The Time You Retire
How can you become a millionaire? Personal finance experts say to start your retirement saving early and sock away a certain amount every year.By AP
Browns Quarterback Deshaun Watson Returns From Suspension
Watson returned from an 11-game suspension after being accused by more than two dozen women of sexual harassment and assault during massage sessions.By Eric Christian Smith / AP
Rover Releases Most Popular Dog Names Of 2022
If you have a Max or a Luna, you're far from alone.By Niranjan Shrestha / AP