{
  "id": 18272866,
  "title": "Nintendo quarterly net profit drops as Switch 2 unit sales slow",
  "url": "https://urgent.news/2026/11/05/nintendo-quarterly-net-profit-drops-as-switch-2-unit-sales-slow",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T08:07:47.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447560/nintendo-quarterly-net-profit-drops-as-switch-2-unit-sales-slow"
  },
  "original_language": "en",
  "account": "Nintendo disclosed a decline in quarterly net profit on Thursday due to reduced sales of its Switch 2 console, despite maintaining its annual predictions. The company's first half 2026-27 net profit rose 11 percent year-over-year, but fell 29 percent in the second quarter to 73.5 billion yen, surpassing analysts' estimates of 82.2 billion yen. Nintendo said it would launch a share sale worth $1.9 billion, involving Kyoto Bank and other sources. The Switch 2 sold 6.5 million units in the first half, a decrease from 10.4 million the previous year as the device gained traction. The company raised the price of the Switch 2 amid the global AI boom causing memory chip prices to soar, which led to some analysts attributing the sluggish sales to the absence of a major title to drive adoption. Nintendo's latest Zelda release in the series, “Ocarina of Time”, has been met with enthusiasm, garnering a 96 out of 100 score on Metacritic. Meanwhile, Sony raised its annual earnings forecast for the current fiscal year, citing strong sales of games, music, and movies.",
  "summary": "TOKYO: Japanese gaming giant Nintendo reported a drop in quarterly net profit on Thursday as unit sales slowed for its Switch 2 console, but maintained its annual forecasts. A remake of 1990s action-adventure classic “The Legend of Zelda: Ocarina of Time”, which comes out Thursday, has sparked nostalgic fan excitement. But market analysts will be watching to see how much the title can boost sales…",
  "key_points": [
    "Nintendo's Q2 2026 net profit drops 29% to 73.5 billion yen",
    "Switch 2 sold 6.5 million units in first half, down from 10.4 million",
    "Company to launch $1.9 billion share sale amid memory chip price surge"
  ],
  "editors_take": "Slowing console sales and rising component costs force Nintendo to seek fresh capital through a major share sale to offset the impact of a cooling hardware lifecycle.",
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Sony profit jumps on 'Spider-Man: Brand New Day'; Nintendo earnings slide",
        "url": "https://urgent.news/2026/11/05/sony-profit-jumps-on-spider-man-brand-new-day-nintendo-earnings-slide",
        "published": "2026-11-05T06:37:33.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Nintendo Switch 2 sales plunge 41% as price hikes and memory crunch bite",
        "url": "https://urgent.news/2026/11/05/nintendo-switch-2-sales-plunge-41-as-price-hikes-and-memory-crunch",
        "published": "2026-11-05T07:30:58.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Japanese video game company Nintendo reports rising profit, falling sales",
        "url": "https://urgent.news/2026/11/05/japanese-video-game-company-nintendo-reports-rising-profit-falling",
        "published": "2026-11-05T08:10:58.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Nintendo quarterly net profit drops as Switch 2 unit sales slow",
        "url": "https://urgent.news/2026/11/05/nintendo-quarterly-net-profit-drops-as-switch-2-unit-sales-slow-18283626",
        "published": "2026-11-05T09:23:49.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Nintendo profit tumbles 29pc as Switch 2 sales cool, but Zelda remake offers fresh hope",
        "url": "https://urgent.news/2026/11/05/nintendo-profit-tumbles-29pc-as-switch-2-sales-cool-but-zelda-remake",
        "published": "2026-11-05T09:37:30.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "Nintendo’s net profit drops in Q2 as Switch 2 unit sales slow",
        "url": "https://urgent.news/2026/11/05/nintendos-net-profit-drops-in-q2-as-switch-2-unit-sales-slow",
        "published": "2026-11-05T09:50:00.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Nintendo reports Q2 net profit down 16% YoY to $468M, as rising Switch 2 component costs cut into its margins; Switch 2's H1 FY 2027 sales fell 37% YoY to 6.49M (Takashi Mochizuki/Bloomberg)",
        "url": "https://urgent.news/2026/11/05/nintendo-reports-q2-net-profit-down-16-yoy-to-468m-as-rising-switch-2",
        "published": "2026-11-05T11:05:06.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Japanese video game company Nintendo reports rising profit, falling sales",
        "url": "https://urgent.news/2026/11/05/japanese-video-game-company-nintendo-reports-rising-profit-falling-18301610",
        "published": "2026-11-05T12:00:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}