‘Mario Wonder’ Latest Mushroom Power-up for Nintendo Switch 

An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. (AFP)
An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. (AFP)
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‘Mario Wonder’ Latest Mushroom Power-up for Nintendo Switch 

An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. (AFP)
An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. (AFP)

Nintendo made a pitch for the ongoing match fitness of its aging Switch console on Wednesday, as the Kyoto-based gaming company continues to churn out hits even as the market debates the timing of a successor device.

The Japanese firm said it sold 4.3 million copies of "Super Mario Bros. Wonder" - the first entirely new instalment in the almost 40-year-old side-scrolling series in a decade - within two weeks of its Oct. 20 launch.

That is the best performance of any "Super Mario" title, Nintendo said, as it takes advantage of the Switch install base of more than 130 million units and interest generated by a barnstorming animated movie featuring the moustachioed plumber.

"The Switch will enter its eighth year from March 2024 but we will continue to develop new titles without being bound by previous platform lifecycles," Nintendo President Shuntaro Furukawa told a strategy briefing.

The comments come a day after Nintendo reported it sold 6.84 million Switch units in the first six months of the financial year that started in April, a slight increase on the same period a year earlier.

Sales of first-party Switch games were the strongest of any year over that period other than 2020, Nintendo said, boosted by bumper titles such "The Legend of Zelda: Tears of the Kingdom".

Nintendo also announced on Wednesday "Super Mario" creator Shigeru Miyamoto is developing a live action adaptation of the "Zelda" franchise.

Games slated for release next year include "Mario vs. Donkey Kong" and "Luigi's Mansion 2 HD".

The timing of a successor to the hybrid home/portable Switch device will depend on the strength of Nintendo's hardware and software sales, wrote Jefferies analyst Atul Goyal in a client note, flagging March and October as possible launch windows.

"The stronger the sales, the later the launch of Switch 2," he wrote.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.