Group 1: Product Launch and Sales Performance - The Switch 2 launched on June 5 and sold over 3.5 million units in the first four days, making it the fastest-selling Nintendo console [3] - The console achieved record U.S. sales with more than 1.1 million units sold in its launch week [4] - Nintendo forecasts selling 15 million units for the fiscal year ending in March, despite the new console being priced $150 higher than the original Switch [4] Group 2: Financial Performance and Projections - Nintendo's sales fell over 30% to 1.2 trillion yen ($8 billion) in the last fiscal year, with hardware sales down more than 31% [5] - The company expects sales for the current fiscal year to exceed 1.9 trillion yen ($13.1 billion), indicating a growth rate of around 63% [6] - This projected growth represents only a 14% improvement from the previous fiscal year [6] Group 3: Stock Valuation and Market Sentiment - Nintendo's stock has increased over 40% this year, trading at around 50 times its trailing earnings and a forward price-to-earnings multiple of 46 [7] - High earnings multiples raise concerns about whether the company's growth can justify such a premium [8] - Despite impressive revenue growth expectations, the significant drop in the previous fiscal year makes future growth appear less impressive [8]