"Are You a CEO, Director, or Founder interested in a Feature Interview?"
All Interviews are 100% FREE of Charge
People excited about the next-gen Switch are likely holding off on buying Nintendo’s current consoles and games — or at least, that’s what the company thinks. Latest Earnings Report In the quarter ending June 30, Nintendo Posts Net profit was 80.9 billion yen, which was higher than expected but more than 50% lower than the net profit in the same period last year. Furthermore, the company announced that it only sold 2.1 million Switch consoles in the quarter, which means sales were down 46.3% compared to the same period last year. Nintendo’s software sales were 30.64 million units, down 41.3% from the same period last year, and even games did not sell well.
In its report, Nintendo acknowledged that the slowdown in game sales was due to a lack of big game releases like the previous year. The Legend of Zelda: Tears of the Kingdom. super mario bros movie At the time, it also helped “revitalize” Nintendo’s business. But with hardware sales this quarter on par with last, Nintendo believes Switch sales are stable.
Nintendo is expected to launch its “Switch 2” console soon. It was expected to be released sometime this year, but a report published last month said it will be released in early 2025. Little is still known about this next-gen console, but rumors suggest it will be backwards compatible and even feature 4K capabilities.
This article contains affiliate links, if you click on such links and make a purchase we may earn a commission.
"Elevate Your Brand with an Exclusive Feature Interview!"
