With Switch 2 On The Way, Investors React Calmly To Nintendo's Financial Update
www.nintendolife.com
Image: NintendoNintendo recently released its latest financial update for the third quarter of FY2025 and, as most of us had probably expected, numbers are down across the board as the Switch lumbers towards its ninth year on the market.Had Nintendo released such figures several years ago in which operating profit was down a staggering 46.7% you'd imagine that investors would begin to panic and Nintendo's share price would experience a bit of a tumble (just look at EA's recent downturn to see evidence of this).Yet, with the Switch 2 on the horizon, investors have instead reacted calmly to Nintendo's lower-than-expected performance and revised forecast. In fact, the company's share price is currently sitting at a record-high of 10,700, jumping up nearly 3% from the previous close of 10,400.No doubt it will help that we have a clear(ish) picture of Nintendo's upcoming plans regarding the Switch 2, with the company holding a Direct presentation on 2nd April 2025. We're expecting a metaphorical avalanche of information on the new console, including its release date, launch line-up, and info on its additional functionality.Nintendo has also recently stated that it is taking "all possible measures" to combat potential resellers of the Switch 2, which will no doubt provide more confidence to investors that the company will be able to adequately meet consumer demand when the new console launches.Late last year, research and consulting firm DFC Intelligence predicted that Nintendo would sell between 15-17 million Switch 2 consoles in 2025, and claimed it would be the "clear winner" of the next console generation.Image: Google Finance Something's waiting in the wingsSobering sales, analyst angst, obvious answerGood news for Nintendo then, eh? What do you make of all of this, though? Let us know your thoughts with a comment down in the usual place.[source google.com]Share:01 Nintendo Lifes resident horror fanatic, when hes not knee-deep in Resident Evil and Silent Hill lore, Ollie likes to dive into a good horror book while nursing a lovely cup of tea. He also enjoys long walks and listens to everything from TOOL to Chuck Berry. Hold on there, you need to login to post a comment...Related Articles69 Games You Should Pick Up In Nintendo's 'Supercharge' eShop Sale (North America)Every game we scored 9/10 or higherNintendo Reconfirms Release Windows For Major Upcoming Switch Games... and the Switch 2!Ex-PlayStation Boss On Switch 2's Name: Nintendo Created So Much "Brand Value""Why would you mess with that?"Random: Local Supermarket Wins Trademark Battle Against NintendoIt didn't expect to beat "such a commercial monster"Rumour: Switch 2 Game Cases Might Take Up More Space On Your ShelfHere's how they could compare to the current Switch cases
0 Comments ·0 Shares ·41 Views