Nintendo recently shared their earnings release for their latest quarter ending on December 31st, 2021. Nintendo CEO Shuntaro Furukawa shared his outlook on Switch, stating that the Switch is still in the middle of its lifecycle. Additionally, Switch is “ready to break pattern of past consoles” where sales momentum waned after the 6th year out in the market. Switch is also the fastest console of all time to reach 100 million consoles. Even with a semiconductor shortage, plenty of Switch units are being manufactured and sold.
Following the acquisition of Activision Blizzard by Microsoft, some expected Nintendo to join in on the race to acquire studios. However, Nintendo is not interested in acquiring studios. According to Furukawa, “the company [Nintendo] has always relied on first party games” and doesn’t see a reason to change that. Nintendo is investing 100 billion yen to strengthen its gaming divisions but will use that for employees and resources. Nintendo will consider studio acquisitions if necessary for business (Thanks, Takashi Mochizuki).
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