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Nintendo profits fall 55 percent as people save their cash for the Switch 2
Nintendo posted a net profit of 80.9 billion Japanese Yen, which is higher than its forecast but over 50 percent lower than its net profit for the same period last fiscal 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 biggest news stories this morning: Meta’s Threads has 200 million users, Don Lemon is suing Elon Musk and X, AI startup says scraping every song on the internet is ‘fair use’.
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