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Nintendo profits fall 55 percent as people save their cash for the Switch 2
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Nintendo profits fall 55 percent as people save their cash for the Switch 2
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5th August 2024, 06:50
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,472
 |  Nintendo profits fall 55 percent as people save their cash for the Switch 2 People are so excited for the next-gen Switch, they're likely holding off on buying Nintendo's current consoles and games. At least that's what the company's latest earnings report seems to indicate. For the quarter ending on June 30, Nintendo posted a net profit of 80.9 billion Japanese Yen, which is higher than its forecast but over 50 percent lower than its net profit for the same period last fiscal year. In addition, the company said it only sold 2.1 million Switch consoles for the quarter. That means it experienced a 46.3 percent decline on unit sales year-on-year. Even its games didn't sell well, seeing as Nintendo posted a software sales figure that's 41.3 percent lower than last fiscal year's at 30.64 million units sold. https://www.engadget.com/nintendo-pr...3.html?src=rss |
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