Nintendo on Friday said operating profit grew 4% to 56.9 billion yen ($378 million) in the April-June quarter, beating analyst estimates.
Nintendo shares have rallied 46% this year, adding more than $39 billion to the stock's value. The surge has been driven by strong demand for the newly released Switch 2 console.
The hardware improvements in the new $450 Nintendo will make this an automatic upgrade for fans of the two-in-one console.
Parents beware. Christmas came early in 2025 as Nintendo Co., Ltd.
The system went on sale on June 5 with a retail price starting at $449.99.
The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four days, Nintendo said Wednesday.
The sales figures, reported by the Japanese company on Wednesday, put it on the path to realizing its aim of selling 15 million units in its fiscal year ending March 2026. The record initial sales of the Switch are in line with the strong demand analysts had predicted, but the rush has put into question Nintendo's ability to meet demand.
Japan's Nintendo said on Wednesday it had sold more than 3.5 million Switch 2 units in the first four days after its launch, making the console the company's fastest-selling gaming device to date.
Nintendo has revealed how many Switch 2 consoles have been sold in the first four days since launch.
Meanwhile, Nintendo's consoles are generally cheaper than most competing gaming systems, such as the Xbox and the PlayStation. Its consoles have never cost more than $300 — until now.
Amir Anvarzadeh, Market Strategist from Asymmetric Advisors, talks Nintendo following the long awaited launch of Switch 2, but he says valuation levels of Nintendo is "overvalued".
Two very different but highly anticipated releases are making headlines in Japan today — the long-awaited Nintendo Switch 2 and three-year-old rice.