Videos of Plastic Surgeries on YouTube Lack Accuracy

YouTube. Reuters file photo
YouTube. Reuters file photo
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Videos of Plastic Surgeries on YouTube Lack Accuracy

YouTube. Reuters file photo
YouTube. Reuters file photo

A new study revealed that YouTube videos about facial plastic surgery procedures garner hundreds of millions of views, but they often present inaccurate medical information. Viewers often get biased information, unbalanced evaluations of a procedure’s risks and benefits, and narrators with unclear qualifications, the study authors report in JAMA Facial and Plastic Surgery.

Senior author Dr. Boris Paskhover of Rutgers New Jersey Medical School in Newark, said in a phone interview: “When talking to my patients about (nose surgery), for instance, they’ll tell me what they know based on online videos, and oftentimes it’s not really what I do for a procedure,”

“The information isn’t patient-specific and it doesn’t focus on the risks of a procedure. Many videos only focus on how the nose will look, and they’re often superficial,” he said. Paskhover and colleagues evaluated the top 240 videos related to different types of plastic facial surgery on YouTube.

According to Reuters, among the videos, plastic surgeries targeting the nose received the most views with more than 56 million views for the top 10 videos and an average of 2.8 million views per video.



Einstein and Anime: Hong Kong University Tests AI Professors

Students at the Hong Kong University of Science and Technology use virtual reality headsets in class. Peter PARKS / AFP
Students at the Hong Kong University of Science and Technology use virtual reality headsets in class. Peter PARKS / AFP
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Einstein and Anime: Hong Kong University Tests AI Professors

Students at the Hong Kong University of Science and Technology use virtual reality headsets in class. Peter PARKS / AFP
Students at the Hong Kong University of Science and Technology use virtual reality headsets in class. Peter PARKS / AFP

Using virtual reality headsets, students at a Hong Kong university travel to a pavilion above the clouds to watch an AI-generated Albert Einstein explain game theory.
The students are part of a course at the Hong Kong University of Science and Technology (HKUST) that is testing the use of "AI lecturers" as the artificial intelligence revolution hits campuses around the world, AFP said.
The mass availability of tools such as ChatGPT has sparked optimism about new leaps in productivity and teaching, but also fears over cheating, plagiarism and the replacement of human instructors.
Professor Pan Hui, the project lead for HKUST's AI project, is not worried about being replaced by the tech and believes it can actually help ease what he described as a global shortage of teachers.
"AI teachers can bring in diversity, bring in an interesting aspect, and even immersive storytelling," Hui told AFP.
In his "Social Media for Creatives" course, AI-generated instructors teach 30 post-graduate students about immersive technologies and the impact of digital platforms.
These instructors are generated after presentation slides are fed into a program. The looks, voices and gestures of the avatars can be customized, and they can be displayed on a screen or VR headsets.
This is mixed with in-person teaching by Hui, who says the system frees human lecturers from the "more tedious" parts of their job.
For student Lerry Yang, whose PhD research focuses on the metaverse, the advantage of AI lecturers was in the ability to tailor them to individual preferences and boost learning.
If the AI teacher "makes me feel more mentally receptive, or if it feels approachable and friendly, that erases the feeling of distance between me and the professor", she told AFP.
- 'Everybody's doing it' -
Educators around the world are grappling with the growing use of generative AI, from trying to reliably detect plagiarism to setting the boundaries for the use of such tools.
While initially hesitant, most Hong Kong universities last year allowed students to use AI to degrees that vary from course to course.
At HKUST, Hui is testing avatars with different genders and ethnic backgrounds, including the likenesses of renowned academic figures such as Einstein and the economist John Nash.
"So far, the most popular type of lecturers are young, beautiful ladies," Hui said.
An experiment with Japanese anime characters split opinion, said Christie Pang, a PhD student working with Hui on the project.
"Those who liked it really loved it. But some students felt they couldn't trust what (the lecturer) said," she said.
There could be a future where AI teachers surpass humans in terms of trustworthiness, Hui said, though he said he preferred a mix of the two.
"We as university teachers will better take care of our students in, for example, their emotional intelligence, creativity and critical thinking," he said.
For now, despite the wow factor for students, the technology is far from the level where it could pose a serious threat to human teachers.
It cannot interact with students or answer questions and like all AI-powered content generators, it can offer false, even bizarre answers -- sometimes called “hallucinations".
In a survey of more than 400 students last year, University of Hong Kong professor Cecilia Chan found that respondents preferred humans over digital avatars.
"(Students) still prefer to talk to a real person, because a real teacher would provide their own experience, feedback and empathy," said Chan, who researches the intersection of AI and education.
"Would you prefer to hear from a computer 'Well done'?"
That said, students are already using AI tools to help them learn, Chan added.
"Everybody's doing it."
At HKUST, Hui's student Yang echoed that view: "You just can't go against the advancement of this technology."


Apple Apologizes for iPad Pro 'Crush' ad

Apple CEO Tim Cook arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. (AFP)
Apple CEO Tim Cook arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. (AFP)
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Apple Apologizes for iPad Pro 'Crush' ad

Apple CEO Tim Cook arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. (AFP)
Apple CEO Tim Cook arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. (AFP)

Apple apologized on Thursday after an advertisement for its latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age magazine reported.

"Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we’re sorry,” Ad Age quoted the iPhone maker as saying, Reuters reported.

The advertisement titled "Crush" has over a million views on Apple's YouTube channel and was shared by CEO Tim Cook on social media platform X. It shows a variety of creative tools and objects such as a camera, guitar, piano and paint being destroyed by an industrial crusher.

Then the crusher reveals the newly unveiled iPad, symbolizing how much the new thinner model encompasses.

Online commenters criticized the ad as insensitive and an unwelcome departure from the company's historic positioning of its brand as nonconformist, human friendly and an antidote to a dystopian, colorless world.

In a post on X, actor Hugh Grant said the ad showed “the destruction of the human experience courtesy of Silicon Valley.”

The Cupertino-California based tech giant unveiled the tablet on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology.

Apple said the iPad Pro, which became available for order on Thursday, has upgraded displays and is "the thinnest Apple product ever."


Saudi Team Leaves Kingdom for United States to Participate in ISEF 2024

This year marks the 18th consecutive year of Saudi participation - SPA
This year marks the 18th consecutive year of Saudi participation - SPA
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Saudi Team Leaves Kingdom for United States to Participate in ISEF 2024

This year marks the 18th consecutive year of Saudi participation - SPA
This year marks the 18th consecutive year of Saudi participation - SPA

The Saudi Science and Engineering Team left Riyadh to participate in the Regeneron International Science and Engineering Fair (ISEF 2024), which will be held in Los Angeles, United States, from May 10 to 18.
Thirty-five Saudi female and male students from the King Abdulaziz and his Companions Foundation for Giftedness and Creativity -- "Mawhiba” -- will be competing with 1,700 peers from 70 countries in ISEF, the world’s largest and most prestigious pre-college competition in scientific research and innovation, SPA reported.
Mawhiba said that the Science and Engineering Team includes elite Saudi students who were chosen from among more than 210,000 students from various regions of the Kingdom at the beginning of this year. Their scientific projects passed through various judging stages during the "Ibdaa" National Olympiad for Scientific Creativity until they were reduced to 180, out of which 35 talented students were nominated to represent the Kingdom in ISEF out of the 45 students whose projects qualified to the Olympiad’s finals.
The foundation underlined that the students nominated to represent the Kingdom in ISEF 2024 underwent intensive training given by Saudi and foreign academic trainers and experts in various disciplines to develop their skills and qualify them to participate in the exhibition through integrated efforts of a number of national incubators and supporters, including universities and research centers, parents, families, and teachers.
Represented by Mawhiba, the Kingdom also participates in ISEF 2024 exhibition as a main sponsor and offers special prizes for the best participating projects in science, technology, engineering, and mathematics (STEM), which include paid scholarships for undergraduate study at the King Fahd University of Petroleum and Minerals, as well as scholarships to participate in the Mawhiba Universal Enrichment Program.
Saudi Arabia extends its impressive streak in international science competitions. This year marks the 18th consecutive year of participation, with a remarkable track record to show for it. Since 2007, Saudi students have claimed a staggering 133 awards, including 92 grand prizes and 41 special distinctions. This exceptional achievement underscores the Kingdom's dedicated efforts to foster a culture of innovation and propel scientific excellence among its youth.


Google DeepMind Unveils Next Generation of Drug Discovery AI Model

Google DeepMind logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Google DeepMind logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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Google DeepMind Unveils Next Generation of Drug Discovery AI Model

Google DeepMind logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Google DeepMind logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Google Deepmind has unveiled the third major version of its "AlphaFold" artificial intelligence model, designed to help scientists design drugs and target disease more effectively.
In 2020, the company made a significant advance in molecular biology by using AI to successfully predict the behavior of microscopic proteins.
With the latest incarnation of AlphaFold, researchers at DeepMind and sister company Isomorphic Labs – both overseen by cofounder Demis Hassabis – have mapped the behavior for all of life's molecules, including human DNA.
The interactions of proteins - from enzymes crucial to the human metabolism, to the antibodies that fight infectious diseases - with other molecules is key to drug discovery and development.
DeepMind said the findings, published in research journal Nature on Wednesday, would reduce the time and money needed to develop potentially life-changing treatments.
“With these new capabilities, we can design a molecule that will bind to a specific place on a protein, and we can predict how strongly it will bind,” Hassabis said in a press briefing on Tuesday.
“It's a critical step if you want to design drugs and compounds that will help with disease.”
The company also announced the release of the “AlphaFold server”, a free online tool that scientists can use to test their hypotheses before running real-world tests.
Since 2021, AlphaFold’s predictions have been freely accessible to non-commercial researchers, as part of a database containing more than 200 million protein structures, and has been cited thousands of times in others’ work.
DeepMind said the new server required less computing knowledge, allowing researchers to run tests with just a few clicks of a button.
John Jumper, a senior research scientist at DeepMind, said: “It’s going to be really important how much easier the AlphaFold server makes it for biologists – who are experts in biology, not computer science – to test larger, more complex cases."
Dr Nicole Wheeler, an expert in microbiology at the University of Birmingham, said AlphaFold 3 could significantly speed up the drug discovery pipeline, as "physically producing and testing biological designs is a big bottleneck in biotechnology at the moment".


Google Fights $17 bln UK Lawsuit over adtech Practices

The google app is seen on a smartphone. Reuters
The google app is seen on a smartphone. Reuters
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Google Fights $17 bln UK Lawsuit over adtech Practices

The google app is seen on a smartphone. Reuters
The google app is seen on a smartphone. Reuters

Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant's business practices.

The lawsuit seeks damages of up to 13.6 billion pounds ($16.9 billion) on behalf of publishers of websites and apps based in the United Kingdom, who say they have suffered losses due to Google's allegedly anticompetitive behaviour, Reuters reported.

Lawyers for Ad Tech Collective Action asked the Competition Appeal Tribunal (CAT) to certify the case to proceed towards a trial at the start of a three-day hearing on Wednesday.

Google, however, said the case was incoherent and did not explain how alleged anticompetitive conduct had supposedly caused losses to the publishers.

Ad Tech Collective Action's lawyer Robert O'Donoghue said the London lawsuit was "the latest in a series of major set-preferencing abuse cases involving Google".

The case comes amid ongoing probes by regulators into Google's adtech business, including by Britain's Competition and Markets Authority and the European Commission, which O'Donoghue said was concluding imminently.

O'Donoghue also referred to two multibillion-euro fines levied on Google by the European Commission, over its online shopping search service and the requirement to pre-install Google Search and its Chrome browser on Android mobile devices.

Google is also fighting two lawsuits in the U.S., one brought by the Department of Justice and another by Texas and other states, accusing the company of anticompetitive conduct.

The company "strongly rejects the underlying allegations against it", its lawyers said in court documents for the CAT case. "Google's impact in the ad tech industry has been hugely procompetitive."

Ad Tech Collective Action's proposed lawsuit is the latest against a tech giant at the CAT, which already this year has certified a $3.8 billion case against Facebook parent Meta and a nearly $1 billion case against Apple. (


Saudi Arabia Showcases Global Expertise in Cybersecurity at RSA Conference 2024

Saudi Arabia Showcases Global Expertise in Cybersecurity at RSA Conference 2024
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Saudi Arabia Showcases Global Expertise in Cybersecurity at RSA Conference 2024

Saudi Arabia Showcases Global Expertise in Cybersecurity at RSA Conference 2024

The Kingdom of Saudi Arabia, represented by the National Cybersecurity Authority (NCA), participates in the RSA Conference 2024 (RSAC2024) in San Francisco, USA, from 6-9 May, 2024, an event featuring leading global cybersecurity experts, decision-makers, and cybersecurity specialists. NCA will explore collaborations with international partners, sharing thoughts and ideas on best practices in local, regional, and global cybersecurity approaches, according to SPA.
NCA's booth exhibits the Saudi Cyber Model, showcasing its contributions to empowering the defense, economic, and development sectors in the Kingdom.
At the RSA event, the booth includes NCA and its technical arm, the Saudi Information Technology Company (SITE). This collaboration aims to foster international cybersecurity cooperation and showcase a wide range of cybersecurity products and solutions, demonstrating Saudi Arabia's commitment to cybersecurity innovation and collaboration.
The RSA Conference (RSAC) is an international platform that unites cybersecurity leaders, experts, specialists, and enthusiasts from across the globe.

It provides a vital opportunity to exchange knowledge and engage in discussions on crucial cybersecurity developments, including current and future challenges. The conference also facilitates strengthening partnerships among all stakeholders, including governments and international cybersecurity organizations.


TikTok Sues US to Block Law That Could Ban the Social Media Platform 

The TikTok logo is placed on the US and Chinese flags in this illustration taken, April 25, 2024. (Reuters)
The TikTok logo is placed on the US and Chinese flags in this illustration taken, April 25, 2024. (Reuters)
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TikTok Sues US to Block Law That Could Ban the Social Media Platform 

The TikTok logo is placed on the US and Chinese flags in this illustration taken, April 25, 2024. (Reuters)
The TikTok logo is placed on the US and Chinese flags in this illustration taken, April 25, 2024. (Reuters)

TikTok and its Chinese parent company filed a lawsuit Tuesday challenging a new American law that would ban the popular video-sharing app in the US unless it's sold to an approved buyer, saying it unfairly singles out the platform and is an unprecedented attack on free speech.

In its lawsuit, ByteDance says the new law vaguely paints its ownership of TikTok as a national security threat in order to circumvent the First Amendment, despite no evidence that the company poses a threat. It also says the law is so “obviously unconstitutional” that its sponsors are instead portraying it as a way to regulate TikTok's ownership.

“For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community with more than 1 billion people worldwide,” ByteDance asserts in the lawsuit filed in a Washington appeals court.

The law, which President Joe Biden signed as part of a larger foreign aid package, marks the first time the US has singled out a social media company for a potential ban, which free speech advocates say is what would be expected from repressive regimes such as those in Iran and China.

The lawsuit is the latest turn in what's shaping up to be a protracted legal fight over TikTok's future in the United States — and one that could end up before the Supreme Court. If TikTok loses, it says it would be forced to shut down next year.

The law requires ByteDance to sell the platform to a US-approved buyer within nine months. If a sale is already in progress, the company would get another three months to complete the deal.

ByteDance has said it doesn’t plan to sell TikTok. But even if it wanted to divest, the company would need Beijing's blessing.

According to the lawsuit, the Chinese government has “made clear” that it wouldn't allow ByteDance to include the algorithm that populates users' feeds and has been the “key to the success of TikTok in the United States.”

TikTok and ByteDance say the new law leaves them with no choice but to shut down by next Jan. 19 because continuing to operate in the US wouldn't be commercially, technologically or legally possible.

They also say it would be impossible for ByteDance to divest its US TikTok platform as a separate entity from the rest of TikTok, which has 1 billion users worldwide — most of them outside of the United States. A US-only TikTok would operate as an island that's detached from the rest of the world, the lawsuit argues.

The suit also paints divestment as a technological impossibility, since the law requires all of TikTok's millions of lines of software code to be wrested from ByteDance so that there would be no “operational relationship” between the Chinese company and the new US app.

The companies argue that they should be protected by the First Amendment's guarantee of freedom of expression and are seeking a declaratory judgment that it is unconstitutional.

The Justice Department declined to comment on the suit Tuesday. And White House press secretary Karine Jean-Pierre declined to engage on questions about why the president continues to use TikTok for his political activities, deferring to the campaign.

Rep. Raja Krishnamoorthi, an Illinois Democrat who is the ranking member of the House Select Committee on the Chinese Communist Party, issued a statement Tuesday defending the new law.

“This is the only way to address the national security threat posed by ByteDance’s ownership of apps like TikTok. Instead of continuing its deceptive tactics, it’s time for ByteDance to start the divestment process,” he said.

ByteDance will first likely ask a court to temporarily block the federal law from taking effect, said Gus Hurwitz, a senior fellow at the University of Pennsylvania’s Carey Law School who isn't involved in the case. And the decision whether to grant such a preliminary injunction could decide the case, because its absence, ByteDance would need to sell TikTok before the broader case could be decided, he said.

Whether a court will grant such an injunction remains unclear to Hurwitz, largely because it requires balancing important free speech issues against the Biden administration’s claims of harm to national security. “I think the courts will be very deferential to Congress on these issues,” he said.

The fight over TikTok comes amid a broader US-China rivalry, especially in areas such as advanced technologies and data security that are seen as essential to each country’s economic prowess and national security.

US lawmakers from both parties, as well as administration and law enforcement officials, have expressed concerns that Chinese authorities could force ByteDance to hand over US user data or sway public opinion by manipulating the algorithm that populates users' feeds.

Some have also pointed to a Rutgers University study that maintains TikTok content was being amplified or underrepresented based on how it aligns with the Chinese government's interests — a claim the company disputes.

Opponents of the law argue that Chinese authorities — or any nefarious parties — could easily get information on Americans in other ways, including through commercial data brokers that rent or sell personal information. They say the US government hasn't provided public evidence that shows TikTok has shared US user information with Chinese authorities or tinkered with its algorithm for China's benefit.

“Data collection by apps has real consequences for all of our privacy,” said Patrick Toomey, deputy director of the ACLU’s National Security Project. “But banning one social media platform used by millions of people around the world is not the solution. Instead, we need Congress to pass laws that protect our privacy in the first place.”

Jameel Jaffer, executive director of the Knight First Amendment Institute at Columbia University, expects TikTok's lawsuit to succeed.

“The First Amendment means the government can’t restrict Americans’ access to ideas, information, or media from abroad without a very good reason for it — and no such reason exists here,” Jaffer said in a statement.

Although TikTok prevailed in earlier First Amendment challenges, it isn't clear whether the current lawsuit will be as simple.

“The bipartisan nature of this federal law may make judges more likely to defer to a Congressional determination that the company poses a national security risk,” said Gautam Hans, a law professor and associate director of the First Amendment Clinic at Cornell University. “Without public discussion of what exactly the risks are, however, it’s difficult to determine why the courts should validate such an unprecedented law.”


Apple Working on AI Chips for Data Centers

(FILES) This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (Photo by AFP) / China OUT
(FILES) This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (Photo by AFP) / China OUT
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Apple Working on AI Chips for Data Centers

(FILES) This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (Photo by AFP) / China OUT
(FILES) This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (Photo by AFP) / China OUT

Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The project, internally codenamed as Project ACDC (Apple Chips in Data Center), aims to leverage Apple's chip design expertise for its server infrastructure, the report said.
Apple, whose shares were 1% higher before the bell on Tuesday, did not respond to a Reuters request for comment.
The company has emerged as a major chip designer in recent years, thanks to the success of its semiconductors that are used in the iPhone, iPads and Mac laptops.
Apple's server chip will likely be focused on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant, the WSJ report said.
Amid growing pressure due to a slow roll out of AI services, CEO Tim Cook had last week signaled that Apple plans to unveil a raft of features powered by the technology in the coming months.
"We continue to feel very bullish about our opportunity in generative AI and we're making significant investments," Cook told Reuters last week.
The company plans to hold a virtual event on Tuesday where it is expected to showcase new iPad models, some of which could come with a new chip aimed at speeding up AI tasks carried out on the devices.
Project ACDC has been in the works for several years and it is uncertain when the new chip will be unveiled, if ever, the WSJ report said.
Apple has been closely working with Taiwan Semiconductor Manufacturing Co to design and initiate production of such chips and that it remains uncertain whether both companies have yielded a definitive result, the report said.


Amazon Says Will Invest $9 Billion in Singapore

The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft. MARCO BERTORELLO / AFP
The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft. MARCO BERTORELLO / AFP
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Amazon Says Will Invest $9 Billion in Singapore

The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft. MARCO BERTORELLO / AFP
The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft. MARCO BERTORELLO / AFP

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.
The announcement comes after fellow tech titan Microsoft unveiled billions of dollars of investment in the same sectors in Southeast Asia last week as firms look to take advantage of growing demand in the region.
Amazon said the figure doubles its investment in the city-state and will help it meet growing demand for cloud services and adopt artificial intelligence.

FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, US October 19,2018. REUTERS/Mike Blake/File Photo

Amazon said the figure doubles its investment in the city-state and will help it meet growing demand for cloud services and adopt artificial intelligence.
"AWS (Amazon Web Services) is doubling down on its cloud infrastructure investments in Singapore from 2024 to 2028 to support customer demand, and help reinforce Singapore’s status as an attractive regional innovation launchpad...," Priscilla Chong, Country Manager of Singapore for AWS, said.
Amazon said its investment will support some 12,000 jobs in Singaporean businesses each year.
It is also partnering with the Singapore government to help local businesses accelerate the adoption of AI.
The e-commerce titan last week said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.
The company founded by Jeff Bezos is also testing an AI chatbot named Rufus that provides shopping tips to US mobile app customers.
Meanwhile, generative AI features for sellers help them create product listings.
Tech giants such as Amazon and Microsoft have been investing more in Southeast Asia recently.
Microsoft pledged US$2.2 billion in artificial intelligence and cloud computing investment in Malaysia on Thursday.
That announcement came after tech chief Satya Nadella unveiled a US$1.7 bn investment in Indonesia, as well as Thailand's first data center region.
The tiny but wealthy and infrastructure-rich Singapore has become a business and technology center in Southeast Asia, further solidifying its status after the pandemic.


Nintendo Says Announcement on Switch Successor 'This Fiscal Year'

Anticipation for a successor to the hugely popular Switch is running high. Richard A. Brooks / AFP
Anticipation for a successor to the hugely popular Switch is running high. Richard A. Brooks / AFP
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Nintendo Says Announcement on Switch Successor 'This Fiscal Year'

Anticipation for a successor to the hugely popular Switch is running high. Richard A. Brooks / AFP
Anticipation for a successor to the hugely popular Switch is running high. Richard A. Brooks / AFP

Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.
Despite logging a record net profit in the year to March, helped by the weak yen, the game giant expects net profit to drop nearly 40 percent in the current financial year.
Players and investors have been hungry for news about a successor to the Switch, and the Japanese company said a statement was finally forthcoming.
"We will make an announcement about the successor to Nintendo Switch within this fiscal year," said a post on social media platform X that was attributed to company president Shuntaro Furukawa.
Nintendo said net profit in 2023-24 totaled 490 billion yen ($3.2 billion) -- beating its previous record of 480 billion set three years ago, when the Switch became a must-have gadget to pass time during pandemic lockdowns.
"Good sales were posted for 'The Legend of Zelda: Tears of the Kingdom'," it said, adding that new titles in the "Super Mario Bros" and "Pikmin" series had also performed well.
The "Super Mario" movie helped sell games from the Mario franchise and there was a "substantial increase in foreign exchange gains and interest income".
The yen has been on a downwards slide, boosting profits for companies such as Nintendo that sell goods overseas.
But the firm expects net profit to drop nearly 40 percent to 300 billion yen in the current financial year.
Hardware sales for 2023-24 totalled 15.7 million units, down nearly 13 percent.
"While this represents a decrease from the previous fiscal year, sales are steady for a platform in its eighth year after launch," Nintendo said, referring to the Switch.
The company said hardware sales were expected to continue to fall in the current financial year to 13.5 million units.
Bloomberg Intelligence analyst Nathan Naidu said before the earnings release that Nintendo consoles typically have a "six-to-seven year lifecycle".
"Given hardware drives about 40 percent of total sales, its drag on (the) overall top line might extend into fiscal 2025 absent a new gaming gadget," he said.
Hideki Yasuda, analyst at Toyo Securities, said investors have been focused on when a new console would be announced.
"It would be a major disappointment if Nintendo couldn't release it by March 2025," he said.