Nintendo President Shuntaro Furukawa speaks at a information convention in Tokyo, Japan January 31, 2020. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) – Nintendo Co Ltd CEO Shuntaro Furukawa stated on Friday the gaming firm has no plans to launch a contemporary Change mannequin this 12 months, dampening rumors it is going to supply an upgraded model of the hit gadget.
Nintendo launched a handheld-only model of its console in September, driving demand for the Change by the year-end buying season.
The Kyoto-based firm has lengthy been rumored to be getting ready an upgraded model of the hybrid home-portable Change because it nears the tip of its third 12 months out there.
The corporate’s shares had been buying and selling down practically 5% in Tokyo, their lowest since early November. The benchmark index was up 1.4%.
Furukawa’s feedback got here a day after the corporate upgraded its Change gross sales forecast for the 12 months ending March to 19.5 million items from an earlier outlook of 18 million items, with the brand new quantity seen as conservative by many analysts.
Nintendo has already bought 17.7 million items within the 9 months ended December, taking whole Change gross sales to greater than 52 million items, with the launch of an Animal Crossing title in late March seemingly to assist enhance gross sales.
Cell video games stay a small proportion of Nintendo’s gross sales and are gradual to return to the market with little of the aggressive in-game monetization usually present in titles from rivals.
The cell enterprise is fulfilling the perform of accelerating consumer interplay with Nintendo’s roster of characters, Furukawa stated, utilizing language that leaves some traders involved that it is a better precedence than rising gross sales.
“We have no idea how Nintendo sees this enterprise. Does it need to proceed? There may be zero visibility,” wrote Jefferies analyst Atul Goyal of the cell enterprise in a word forward of the briefing.
Reporting by Sam Nussey; Modifying by Muralikumar Anantharaman and Sherry Jacob-Phillips