Nintendo Q1 sales drop 9.5%; operating profit soars following higher software sales and $300m in US tariff refunds
Nintendo reported a 9.5% decrease in first-quarter net sales, but operating profit soared by 150.5% due to increased software revenue and a significant $300 million in US tariff refunds. Despite a 34.4% drop in Nintendo Switch hardware sales, digital software sales saw a 90% increase, and the company's IP segment experienced substantial growth, largely driven by the success of The Super Mario Galaxy Movie.
- Entities
- Topic: Financial Results
- Platform: Nintendo Switch
- Game: Pokémon Pokopia
- Game: Tomodachi Life: Living the Dream
- Company: Nintendo
- Game: The Super Mario Galaxy Movie
- Topic: Tariffs
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