Nintendo quarterly revenue surges thanks to Switch 2

Core Insights - Nintendo's quarterly revenue more than doubled year-on-year, driven by the successful launch of the Switch 2, which became the fastest-selling console globally after its June release [1][3]. Sales Performance - The Switch 2 sold 3.5 million units in its first four days and approximately 5.8 million units in its first month [2]. - Net sales for the April-June quarter increased by 132% year-on-year to 572 billion yen ($3.8 billion), with net profit rising 19% [3]. Market Expectations - Nintendo expects to sell 15 million Switch 2 units by the end of March 2026, maintaining its target despite the strong initial sales [4]. - Industry experts believe that the launch of Switch 2 has exceeded expectations and that it will be challenging for other consoles to replicate its success [3][4]. Product Features and Pricing - The Switch 2 features a larger screen, enhanced processing power, and new controller functionalities, while retaining the hybrid concept of its predecessor [7]. - The retail price of the Switch 2 is set at $449.99, compared to the original Switch's launch price of $299.99 [7]. Competitive Landscape - The delayed release of "Grand Theft Auto VI" to May 2026 is seen as beneficial for Nintendo, as it allows the Switch 2 to maintain visibility in the market without competing against a major title [8].