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Nintendo’s Switch Sales Dip: What It Means for Future Consoles

by Team Lumida
August 2, 2024
in News
Reading Time: 2 mins read
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Photo by Philip Myrtorp on Unsplash

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Key Takeaways:

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1. Nintendo’s Switch sales dropped 13% year-over-year.
2. Profit fell 20%, with net income hitting $1.3 billion.
3. New console expected by late 2024, impacting future earnings.

What Happened?

Nintendo reported a significant decline in its recent financial performance. Switch sales decreased by 13% year-over-year, with only 3.91 million units sold this quarter. This slowdown led to a 20% drop in profit, resulting in a net income of $1.3 billion.

The company attributes this slump to the aging hardware and anticipation for a successor console.

Why It Matters?

For investors, this drop in sales and profit signals a critical juncture for Nintendo. The Switch, launched in 2017, has been a monumental success, driving much of Nintendo’s recent growth. However, the decline suggests that the console may have reached market saturation.

CEO Shuntaro Furukawa noted, “We’re preparing for the next generation of hardware, which will be crucial for maintaining our market position.” Investors need to consider how this transition period could affect Nintendo’s stock and whether the new console can replicate the Switch’s success.

What’s Next?

Looking ahead, Nintendo plans to launch its next-generation console by late 2024. This upcoming release will be pivotal, potentially revitalizing sales and driving future growth. However, the market’s reception of this new hardware remains uncertain.

Investors should closely monitor any announcements and updates regarding the console’s features and launch dates. Additionally, keep an eye on Nintendo’s strategy for maintaining consumer engagement and market share during this transitional phase.

Source: Wall Street Journal
Tags: nintendo
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018