Nintendo's 1st half sales drop 34% as Switch shows its age
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Nintendo reported a 34.1% drop in sales for the first half of 2024, totaling $3.43 billion, due to declining sales of Nintendo Switch hardware and games.
November 05, 2024 | 12:30 pm
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Nintendo's sales for the first half of 2024 fell by 34.1% to $3.43 billion, primarily due to a slowdown in Nintendo Switch hardware and game sales.
The significant drop in sales is directly linked to the aging Nintendo Switch, which is a core product for Nintendo. This decline in sales is likely to negatively impact NTDOY's stock price in the short term as investors react to the reduced revenue figures.
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