Diamond Member Pelican Press 0 Posted August 2, 2024 Diamond Member Share Posted August 2, 2024 This is the hidden content, please Sign In or Sign Up 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 This is the hidden content, please Sign In or Sign Up seems to indicate. For the quarter ending on June 30, Nintendo This is the hidden content, please Sign In or Sign Up a net profit of 80.9 billion ********* Yen, which is higher than its forecast but over 50 percent lower than its net profit for the same ******* 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. In its report, Nintendo admits that the low sales figures for games was caused by the lack of big releases, such as the previous year’s The Legend of Zelda: Tears of the Kingdom. The Super Mario Bros. Movie also helped “energize” its business back then. But since hardware sales for this quarter are similar to the previous one’s, Nintendo considers its Switch sales to be stable. Nintendo is expected to launch its “Switch 2” console soon. It was expected to come out sometime this year, but according to reports published in the previous months, it will be released in early 2025 instead. There’s still very little known about the upcoming console, but rumors say it will have backwards compatibility, as well as 4K capabilities. This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission. This is the hidden content, please Sign In or Sign Up #Nintendo #profits #fall #percent #people #save #cash #Switch This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/85910-nintendo-profits-fall-55-percent-as-people-save-their-cash-for-the-switch-2/ Share on other sites More sharing options...
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