Japanese gaming giant Nintendo, famous for franchises like Super Mario and Pokémon, announced an 18.6% increase in net profit for its first fiscal quarter, fueled by robust demand for its recently launched Switch 2 console.
The Kyoto-based company posted a profit of 96.03 billion yen (about $640 million) for April through June, up from nearly 81 billion yen during the same period last year. Quarterly revenue more than doubled to 572.36 billion yen ($3.8 billion).
Nintendo revealed that it sold 3.5 million units of the Switch 2 worldwide within the first four days after its June 5 release—a record pace for any Nintendo console. Sales momentum remains strong.
The higher price of the new console, priced around $450 compared to the original Switch’s $300 launch price in 2017, contributed to the growth in sales.
Popular titles driving interest include “Mario Kart World” and “Donkey Kong Bonanza.” Additionally, “Pokémon Friends,” which launched last month for the original Switch, is also compatible with the new model.
The Switch 2 maintains the hybrid design that allows it to be used as both a portable handheld device and a home console.
Nintendo reaffirmed its forecast to sell 15 million Switch 2 units during the current fiscal year.
The company also kept its profit outlook steady for the fiscal year ending March 2026, projecting a profit of 300 billion yen ($2 billion), representing an increase of nearly 8% compared to last year.
Nintendo’s stock, which has gained over 50% in value over the past year, dipped slightly by about 1% before the earnings announcement.
Although concerns exist regarding the impact of tariffs on Japanese exports imposed during President Donald Trump’s administration, Nintendo’s overall financial projections appear unaffected.
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