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Nintendo turns its first annual profit since 2011

Nintendo turns its first annual profit since 2011

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Nintendo has turned its first annual profit following three years of consecutive losses. The Kyoto video games company made a slim operating profit of ¥24.8 billion (about $207 million) and a net profit of ¥41.8 billion ($350 million) off ¥549.8 billion ($4.6 billion) in revenue, making for the first positive balance sheet reported since 2011. Although sales were down 3.8 percent year on year, the positive impact of a weakened yen boosted the company’s bottom line to 39.5 percent more than forecast.

Customers still aren't convinced by Wii U

The Wii U sold just 340,000 units over the past three months, reaching a lifetime total of 9.54 million. That’s about 10 percent up on the same quarter last year, but it’s clear that a slew of solid software over the past 12 months hasn’t convinced many more consumers to get on board. Still, Nintendo expects to make an operating profit of ¥50 billion and net profit of ¥35 billion over the coming fiscal year, forecasting 3.4 million more Wii U sales.

Nintendo may have ended 2014 by posting a profit, but sustaining any momentum into 2015 will require a different kind of success. Wii U and 3DS sales are unlikely to increase significantly from here on out — though Nintendo says the New 3DS models are "off to a good start" — and the big-hitting cards like Mario Kart and Super Smash Bros. have already been played. Nintendo doesn’t have much of note on the calendar for 2015; with The Legend of Zelda for Wii U delayed into next year, the company will either have to rely on smaller titles like Splatoon and Mario Maker or announce some big surprises at the E3 trade show next month.

Still, the first mobile game to come out of the partnership with DeNA is set to hit this year, which could go either way; it could well boost Nintendo’s bottom line even without exciting the company’s traditional fans. We’re yet to hear anything about the game or even the business model there, though, so consider it a wildcard — alongside Amiibo figurines and the still-gestating "Quality of Life" initiative — for now. All Nintendo has to say in its earnings release is that "a new source of revenue is expected from a gaming application for smart devices which will be released this year."

Today’s Storystream

Feed refreshed Sep 23 10 minutes in the clouds

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Twitter
Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.


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Twitter
Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.


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If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.


Welcome to the new Verge

Revolutionizing the media with blog posts

Nilay PatelSep 13
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Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker's popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it's been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.


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Spain’s Transports Urbans de Sabadell has La Bussí.

Once again, the US has fallen behind in transportation — call it the Bussí gap. A hole in our infrastructure, if you will.


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Jay PetersSep 23
Doing more with less (extravagant holiday parties).

Sundar Pichai addressed employees’ questions about Google’s spending changes at an all-hands this week, according to CNBC.

“Maybe you were planning on hiring six more people but maybe you are going to have to do with four and how are you going to make that happen?” Pichai sent a memo to workers in July about a hiring slowdown.

In the all-hands, Google’s head of finance also asked staff to try not to go “over the top” for holiday parties.


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Insiders made the most money off of Helium’s “People’s Network.”

Remember Helium, which was touted by The New York Times in an article entitled “Maybe There’s a Use for Crypto After All?” Not only was the company misleading people about who used it — Salesforce and Lime weren’t using it, despite what Helium said on its site — Helium disproportionately enriched insiders, Forbes reports.


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James VincentSep 23
Nvidia’s latest AI model generates endless 3D models.

Need to fill your video game, VR world, or project render with 3D chaff? Nvidia’s latest AI model could help. Trained on 2D images, it can churn out customizable 3D objects ready to import and tweak.

The model seems rudimentary (the renders aren’t amazing quality and seem limited in their variety), but generative AI models like this are only going to improve, speeding up work for all sorts of creative types.


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Richard LawlerSep 23
Green light.

This week Friday brings the debut of Apple’s other new hardware. We’ve reviewed both the new AirPods Pro and this chonky Apple Watch Ultra, and now you’ll decide if you’re picking them up, or not.

Otherwise, we’re preparing for Netflix’s Tudum event this weekend and slapping Dynamic Island onto Android phones.


The Apple Watch Ultra on a woman’s wrist
Photo by Amelia Holowaty Krales / The Verge
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Jess WeatherbedSep 23
Japan will fully reopen to tourists in October following two and a half years of travel restrictions.

Good news for folks who have been waiting to book their dream Tokyo vacation: Japan will finally relax Covid border control measures for visa-free travel and individual travelers on October 11th.

Tourists will still need to be vaccinated three times or submit a negative COVID-19 test result ahead of their trip, but can take advantage of the weak yen and a ‘national travel discount’ launching on the same date. Sugoi!


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Thomas RickerSep 23
Sony starts selling the Xperia 1 IV with continuous zoom lens.

What does it cost to buy a smartphone that does something no smartphone from Apple, Google, Samsung can? $1,599.99 is Sony’s answer: for a camera lens that can shift its focal length anywhere between 85mm and 125mm.

Here’s Allison’s take on Sony’s continuous-zoom lens when she tested a prototype Xperia 1 IV back in May: 

Sony put a good point-and-shoot zoom in a smartphone. That’s an impressive feat. In practical use, it’s a bit less impressive. It’s essentially two lenses that serve the same function: portrait photography. The fact that there’s optical zoom connecting them doesn’t make them much more versatile.

Still, it is a Sony, and like.no.other.


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Corin FaifeSep 23
If God sees everything, so do these apps.

Some Churches are asking congregants to install so-called “accountability apps” to prevent sinful behavior. A Wired investigation found that they monitor almost everything a user does on their phone, including taking regular screenshots and flagging LGBT search terms.