00:00It's Benzinga bringing Wall Street to Main Street.
00:02Nintendo's Switch 2 sales plunged 41% in its fiscal second quarter
00:07as the gaming giant raised prices amid soaring memory costs, according to CNBC.
00:13Nintendo sold 2.67 million consoles in the three months ended September 30th,
00:19down from 3.82 million in the previous quarter.
00:23Revenue fell short of expectations at $2.8 billion,
00:26while net profit reached 73.5 billion yen, also missing estimates.
00:32Nintendo maintained its full-year Switch 2 sales forecast of 16.5 million units
00:38for the fiscal year ending in March 2027.
00:42The company faces a shortage of blockbuster games,
00:45although investors hope the newly released remake of
00:48The Legend of Zelda Ocarina of Time will boost sales.
00:52Nintendo also plans to release new Pokemon games in 2027.
00:55For all things money, visit Benzinga.com.
