Nintendo’s half-year financial results tell a seemingly contradictory story: sales fell 12.1% to ¥966.0 billion ($6.23 billion), but operating profit rose 49.1% to ¥216.5 billion ($1.40 billion). Basically, a company that shipped meaningfully less hardware made considerably more money doing so. Nintendo’s explanation, however, is plain enough. The company writes that the increase was driven by steady software sales, which accounted for a larger share of total sales, plus a first-quarter refund of US IEEPA tariffs previously recorded as cost of sales. The latter is, of course, a one-off bonus, but the first item is the real story, and it’s […]
Read full article at https://wccftech.com/nintendo-switch-2-lower-sales-higher-revenue/