Nintendo (7974 JT) guides initial FY27 net at JPY 310bln (exp. 420bln); sees FY Switch 2 sales at 16.5mln units; raises price of Switch 2 in Japan
Nintendo's guidance for FY27 net profit at JPY 310 billion significantly underwhelms expectations of 420 billion, indicating potential challenges ahead.
US reportedly suspects that a Thai firm smuggled chips to Alibaba (BABA), Bloomberg reports
Nintendo (7974 JT) FY25/26 (JPY): 2.31tln (prev. 1.16tln Y/Y), Operating Profit 360.1bln (prev. 282.6bln Y/Y), Net 424.1bln (prev. 278.8bln Y/Y)
Nintendo (7974 JT) guides initial FY27 net at JPY 310bln (exp. 420bln); sees FY Switch 2 sales at 16.5mln units; raises price of Switch 2 in Japan
Hungarian Inflation Rate MoM (Apr) M/M 0.40% (Prev. 0.4%)
Hungarian Core Inflation Rate YoY (Apr) Y/Y 2.2% vs. Exp. 2.3% (Prev. 1.9%)
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The forecast of only 16.5 million units for the Switch 2 suggests cautious market reception, while the price increase may impact demand further. This mixed outlook could weigh on investor sentiment and spark reevaluation of Nintendo’s growth trajectory within the sector.
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