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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.

Since then, there has been no update on the Switch 2 front, and, as Furukawa had warned would be the case, the Nintendo Direct presentation in June did not make mention of the device at all. In a breakdown of its latest quarterly earnings results Friday, Nintendo stated there are no changes to its financial forecast for the fiscal year from what was published May, and doubled down on its current strategy until a Switch successor is announced. “Another objective is to continually release new offerings so more consumers keep playing Nintendo Switch even longer and we can maximize hardware sales.

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