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Stock impact report

Nintendo Stock Nosedives Following Earnings Report, Despite Record-Breaking Switch 2 Sales [Yahoo! Finance]

NINTENDO CO LTD UNSP/ADR (NTDOY) 
NASDAQ:AMEX Investor Relations: nintendo.co.jp/ir/en
Company Research Source: Yahoo! Finance
VIDEO: Nintendo Switch 2 Console Review [15:04] Nintendo shares have seen their biggest drop in 18 months, after the company's quarterly earnings call revealed a decline in profit margins and saw executives fending off rumors of a Switch 2 price hike. The Japanese gaming company's stock fell as much as 11% in a single day following the earnings call, Bloomberg reports . While the Switch 2 continued to sell well, selling just over 7 million units this quarter to beat the average analyst estimate of 6.5 million, the new console's lower profit margins saw the company's profit ratio take a dip. Despite sales and income mostly trending upwards, Nintendo's profit nevertheless failed to meet projections. Nintendo president Shuntaro Furukawa acknowledged that the company was feeling pressure from a difficult market, with component costs increasing due to the AI boom, but said the company is well-positioned to handle it for now. "We are engaging in long-term discussions with our supplie Show less Read more
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