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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100