Nintendo's Profits Soar Thanks to Zelda and Mario

Nintendo has reported record-breaking profits for the first quarter, driven by the success of The Legend of Zelda: Tears of the Kingdom and the Super Mario Bros. Movie. Net sales increased by 50% to ¥461.3 billion ($3.2 billion), while operating profit rose by 82.4% to ¥185.4 billion ($1.3 billion). The release of Zelda and the Mario movie directly and indirectly contributed to the company's success, with Tears of the Kingdom selling 18.51 million units and the movie boosting Nintendo's mobile and IP related income by 190.1%. Although Switch console sales remained strong, speculation is growing about the announcement of a successor, with reports suggesting a new console is planned for the second half of 2024.