Aug. 8 at 12:00 AM
On 8/1/2025, Nintendo (
$NTDOY) reported better than expected Net Income of
$650M, +18.7% YOY, and announced it will be raising prices on most of its products other than the new Switch 2 console due to “market conditions” – likely referring to the tariffs on Japan, China, and Vietnam along with strong demand for its products. This signaled confidence in its pricing power and should help protect margins, sending shares +7%. The Switch 2 was originally projected to sell 15M units in the first 12 months, but in its first 25 days it already sold 5.82M, so it is looking likely to exceed its full year target.
