{
  "id": 18283626,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:23:49.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/05/nintendo-quarterly-net-profit-drops-as-switch-2-unit-sales-slow"
  },
  "original_language": "en",
  "account": "Japanese gaming company Nintendo disclosed a decline in quarterly net profit on Thursday, as sales of its Switch 2 console slowed, though it maintained its annual profit predictions. The company's first-half net profit increased by 11% year-on-year during the first half of 2026-27. However, in the second quarter, from July-September, net profit fell by 29% to 73.5 billion yen ($465.3 million), falling short of the 82.2 billion yen forecast in a Bloomberg survey of analysts. Nintendo retained its annual net profit forecast of 310 billion yen.\n\nSales of the Switch 2 consoles were lower than the previous year, with the company selling nearly 6.5 million units in the first half, down from 10.4 million the year before. The price of Switch 2 was raised due to the surge in the price of memory chips for everyday electronics caused by the global artificial intelligence boom. Some analysts attribute the sluggish sales to the absence of any blockbuster title to stimulate Switch 2 adoption among gamers.\n\nNintendo released a remake of the 1990s action-adventure classic The Legend of Zelda: Ocarina of Time, which has sparked nostalgic fan excitement. The game has received widespread praise, scoring 96 out of 100 on the Metacritic aggregator site, placing it among the best-reviewed titles of the year so far.",
  "summary": "In the second quarter, from July-September, net profit was down 29% to 73.5 billion yen (US$465.3 million) -- missing estimates of 82.2 billion yen in a Bloomberg survey of analysts.",
  "key_points": [],
  "editors_take": null,
  "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": "Business Recorder",
        "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",
        "published": "2026-11-05T08:07:47.000Z"
      },
      {
        "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": "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."
}