Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News

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

by Team Lumida
August 2, 2024
in News
Reading Time: 2 mins read
A A
0
a nintendo switch logo on a black background

Photo by Philip Myrtorp on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com
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
Previous Post

Mississippi’s Mental Health Revolution: What Investors Need to Know

Next Post

Nvidia Dominates AI: The Biggest Winner in Big Tech’s Race

Recommended For You

Tesla Plans to Unveil Cheaper Version of the Model Y

by Team Lumida
1 day ago
Major Tech Platforms Face Malaysian Licensing Deadline as X and Google Hold Out

Key Takeaways Powered by lumidawealth.com Tesla is set to unveil a more affordable base version of the Model Y to offset the loss of the up to $7,500 federal...

Read more

SEC Probes AppLovin Over Data-Collection Practices

by Team Lumida
1 day ago
SEC Probes AppLovin Over Data-Collection Practices

Key Takeaways Powered by lumidawealth.com The U.S. Securities and Exchange Commission (SEC) is investigating AppLovin Corp. for allegedly violating platform partners’ service agreements by using unauthorized data-collection methods to...

Read more

US to Take 10% Stake in Trilogy Metals to Unlock Alaska Mining

by Team Lumida
1 day ago
Trump Signs Sweeping Travel Ban on 12 Countries, Introduces Restrictions on 7 Others

Key Takeaways Powered by lumidawealth.com The U.S. government will acquire a 10% stake in Canadian minerals explorer Trilogy Metals Inc. through a $35.6 million investment aimed at securing critical...

Read more

Citadel’s Ken Griffin Calls Rush to Gold as Safer Asset ‘Concerning’

by Team Lumida
1 day ago
gold and black metal tool

Key Takeaways Powered by lumidawealth.com Ken Griffin of Citadel expressed concern that investors increasingly view gold as a safer asset than the U.S. dollar, signaling growing worries about U.S....

Read more

Trump Open to Healthcare Talks With Democrats to End Shutdown

by Team Lumida
1 day ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com President Trump expressed willingness to negotiate with Democrats on extending Affordable Care Act (ACA) subsidies amid the ongoing government shutdown, signaling potential progress toward...

Read more

The Landmark U.S. Office Buildings That Are on Life Support

by Team Lumida
1 day ago
aerial view of city during daytime

Key Takeaways Powered by lumidawealth.com Many iconic U.S. office towers, like Providence’s Superman Building, face prolonged vacancy and costly upkeep amid sluggish demand for office space, especially in older,...

Read more

US Gaza Plan Is Working, But Will Take Sustained Pressure

by Team Lumida
2 days ago
US Gaza Plan Is Working, But Will Take Sustained Pressure

Key Takeaways Powered by lumidawealth.com The Trump administration’s plan has created diplomatic momentum and a realistic path for an initial hostage‑for‑prisoner swap, but broader settlement mechanics remain unresolved. Core...

Read more

Boeing Said to Prepare for 737 Output Hike

by Team Lumida
2 days ago
a tall building with a sign on top of it

Key Takeaways Powered by lumidawealth.com Boeing is guiding suppliers that 737 Max production could rise to 42 jets/month as soon as October, with further pushes planned (targeting ~53/month by...

Read more

China Secretly Funds Iranian Oil via Infrastructure

by Team Lumida
2 days ago
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

Key Takeaways Powered by lumidawealth.com Beijing is using a covert barter‑style conduit to pay Iran for crude: oil shipments to China are effectively financed by Chinese state‑backed contractors building...

Read more

Trump Pushes for Israel–Hamas Deal Ahead of Monday Talks

by Team Lumida
2 days ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com The U.S. is pressing Israel and Hamas toward mediated talks in Sharm El‑Sheikh focused initially on a hostage‑for‑prisoner swap and a ceasefire framework. Core...

Read more
Next Post
Nvidia Loses $220 Billion: What It Means for Your Investments

Nvidia Dominates AI: The Biggest Winner in Big Tech’s Race

turned on flat screen monitor

This Stock's $90 Billion Journey: What You Need to Know

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

an abstract image of a sphere with dots and lines

Silicon Valley Launches Pro-AI Super PACs to Influence 2026 Midterm Elections

August 25, 2025
ON Semiconductor (onsemi) Q2 2024 Earnings: Resilient Performance Amid Market Challenges

ON Semiconductor (onsemi) Q2 2024 Earnings: Resilient Performance Amid Market Challenges

July 31, 2024
a pile of gold and silver bitcoins

Bitcoin Traders Beware: Yen’s Surge Could Shake Up the Market

August 19, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 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

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 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