Nintendo Swings positive Thanks to Switch Console

 

Japanese video game giant Nintendo returned to the black for the quarter ended in June thanks to the success of its new Switch console.

Nintendo recorded an operating profit of $144.95 million (5.13 billion yen) for its fiscal first quarter, compared with a year-ago loss of 24.5 billion yen. Revenue jumped 150 percent to $1.37 billion (154.07 billion yen), the company said Wednesday.

The Kyoto-based company sold 1.97 million Switch consoles in the quarter, taking its total sales to 4.7 million units. Nintendo has been unable to keep up with demand for the hybrid home-portable console, and stores in Japan have been operating lotteries for customers to get the chance to purchase one.

The success of the console, along with that of mobile game Pokemon Go, have helped push Nintendo’s stock price up 60 percent over the last year. Its market value exceeded that of Sony Corp. last month. However, Sony stock has also been on a tear — the company has more recently pushed its market capitalization to around $51 billion, compared with $45 billion for Nintendo.

Read more: Nintendo Sets Price for Switch Game Console, Stock Dips

Nintendo is forecasting sales of 10 million Switch consoles for the full fiscal year to March 2018 and operating profit of 65 billion yen ($580 million at current rates).

The company was late to move into mobile gaming, but revenue from titles including Super Mario Run, along with IP licensing, rose 450 percent to $80 million (9 billion yen) for the latest quarter.

Nintendo’s stock closed up 1.3 percent at 35,770 yen ($320) in Tokyo before the earnings announcement.

This article was originally published by The Hollywood Reporter.

The post Nintendo Swings positive Thanks to Switch Console appeared first on @tonygreene113.

Before Melania moves to the swamp her wishes must be followed

As a hands-on parent who took her role as a mother seriously, soon-to-be first lady Melania Trump reportedly demanded that her son Barron first finish school before she and he relocated to the White House.

“Melania is extremely close to Barron, and they have become closer during the campaign,” a source within President-elect Donald Trump’s transition team told the New York Post. “The campaign has been difficult for Barron, and she is really hoping to keep disruption to a minimum.”

The plan reportedly was for the 46-year-old wife and her 10-year-old son to remain together at the Trump Tower penthouse in New York City until the end of this school year, if not longer.

“She is really devoted to Barron,” the source added, noting that Melania preferred to provide first-hand parenting versus hiring nannies to raise her son — or any other children she might have, presumably — for her.

Rather than praise the incoming first lady for her dedication to quality parenting, however, liberals reportedly chose to lash out at her for wasting taxpayer money. Their ire lay with the costs associated with Melania and Barron remaining at Trump Tower.

“The Secret Service is going to have to keep that whole area cordoned off so that some wacko can’t get close and detonate a car bomb,” a security expert explained to the Post.

The argument could have been made that these were worthwhile expenses, but not everyone agreed.

“Who is paying for the extra security costs?” complained one naysayer on the New York Post’s Facebook page. “That would be you, the hard pressed American tax payer, yet you were promised smaller, less expensive government. Trump lied.”

So did Obama.

According to Judicial Watch, President Barack Obama’s family spent at least $70.5 million during his first seven years in office on “personal or largely personal travel.” Just first lady Michelle Obama’s family trip five years ago to South Africa alone cost $424,000, as reported by U.S. News & World Report.

Here’s the difference: Whereas the Obamas regularly flushed money down the toilet to embark on extravagant vacations, the Trumps simply wanted to raise their children well — the idea of which was apparently too much for the average liberal dingbat to understand.

H/T Mad World News

The post Before Melania moves to the swamp her wishes must be followed appeared first on .@tonygreene113.