Posted by News24 on Monday, 25 January 2017 11:17:37The retailing of Nintendo Switch is nothing new, but the retail of the console is just getting started.
This is thanks to the launch of retail stores in the UK, and in Australia, Australia, New Zealand and India.
However, while the Australian and New Zealand retailing programs have had a limited presence, India’s, and now Australia’s, programs are growing at a much faster pace.
According to a report from Reuters, the Australian government has approved more than $3.5 billion in investment in retail outlets and online stores, with nearly $1 billion invested in retail operations in the first six months of 2017, the most recent period for which figures are available.
The news comes after Nintendo announced it was spending $1.6 billion on the consoles in India, China and Australia.
In total, the company has announced a $4 billion investment in India’s retail operations, including $1 million in the country, and more than 20 million online stores.
While Nintendo of Japan’s retailing efforts in India have largely focused on the UK and US, it seems that India is in the driver’s seat with its first-quarter results.
In terms of revenue, the console was responsible for $1,734 million, down 2.6% from the previous quarter.
However this was offset by $2.3 billion in new orders for the console, which was down 1.9%.
In the UK the console sold 5,918,000 units, down 4.6%.
While Nintendo reported the console’s first-half operating profit of $1 per share, the report also said that the console shipped fewer than 3 million units, and the number of units sold was down 22%.