1Q: Nintendo's net profit decreased due to weaker Switch sales and lower hardware sales.

Nintendo's 1Q net profit decreased due to weaker Switch console sales, causing an overall sales drop of 2.9%. Hardware sales fell 12.6%, contributing to a 1.1% decline in operating profit. Despite a 5.4% revenue increase, the company might need to rethink its strategies to maintain market position and profitability.

August 02, 2024
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