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Nintendo Profit Down 55% as Sales Stall During Wait for Switch 2
Nintendo saw its profit more than halve in its fiscal first quarter of the year as sales of the Switch console continued to fall while consumers await news on a successor console.
Nintendo saw its profit more than halve in its fiscal first quarter of the year as sales of the Switch console continued to fall while consumers await news on a successor console. In its fiscal Q1 2025 earnings report, released Friday, Nintendo reported selling 2.1 million Switches — a console that is now more than seven years old — from April 1-June 30, down 46% year over year. Analysts had forecast revenue of 289.61 billion yen and income at 70.73 billion yen, according to consensus data provided by LSEG, formerly Refinitiv.
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