TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Instagram Outage Disrupts Thousands of U.S. Users 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Nintendo's quarterly earnings highlight a significant decrease in Switch sales and profits, increasing pressure for the anticipated launch of a new console.
Nintendo Sales Plummet
Nintendo reported a precipitous decline in sales and profits for the first quarter ending in June, with the company's aging Switch console accounting for over half of those losses.
According to Reuters, despite maintaining its full-year sales projection of 13.5 million units, the Kyoto-based game company sold just 2.1 million copies of the Switch during the quarter. The Switch is now in its eighth year.
The business has stated its intention to announce a new product in the current fiscal year.
Analysts had predicted an operating profit of 54.5 billion yen ($365 million), but it fell 71% short, falling more than a third short.
Revenue Drops 54%
Per AOL, revenue for its mobile and IP-related division fell to 14.7 billion yen, a 54% decline from the same period last year, when earnings were buoyed by the popular "Super Mario Bros." movie.
"Nintendo were overly optimistic about the current year," comments Serkan Toto, founder of Kantan Games, a consultancy for the gaming sector.
Pressure for Switch 2
He claimed, "The numbers increase the pressure on Nintendo regarding a Switch 2 reveal," and that the company should expect a dismal July-September period as well.
"The Legend of Zelda: Echoes of Wisdom" and "Mario & Luigi: Brothership" are among Nintendo's modestly sized announced releases for this year ().
April 2026 is the scheduled release date of the next "Super Mario" film. One more thing: the business has stated its intention to work on a live-action "The Legend of Zelda" film.
A combination of limited pricing power and increasing costs is a problem for the gaming sector. This Monday, creator Bungie, which is owned by Sony, said that it is laying off over 20% of its employees.
Nintendo stock dropped 2.3% in Tokyo on the eve of the results report but is up 7.6% for the year thus far.
