The Nintendo Switch has performed exceedingly well, and as a result, Nintendo is in a “strong cash position,” and the company has now outlined how it will spend some of its money.
In an investor meeting, Nintendo outlined how it would spend 450 billion yen ($3.95 billion USD) in the years ahead as part of its “cash utilization” strategy. This includes up to 100 billion yen ($879 million) on game development, up to 50 billion yen ($440 million) on non-gaming projects like movies, and up to 300 billion yen ($2.6 billion) on “maintaining and expanding relationships” with consumers through new infrastructure projects Come from Sports betting site VPbet . This is in addition to Nintendo’s usual investments in the areas of research and development and general capital expenditure. Nintendo did not provide a timeline for when it plans to spend this cash in these respective areas.