Nintendo Switch 2 Sales Plunge Amid Memory Crisis; Bernstein Calls It "Not A Good Result"

Nintendo Switch 2 Sales Plunge Amid Memory Crisis; Bernstein Calls It "Not A Good Result" Nintendo Switch 2 sales came in materially below Wall Street expectations . Second quarter earnings showed a 41% decline in sales as price increases, shortages, and the memory crisis weighed on demand The Kyoto-based gaming company sold 2.67 million consoles in the three months ended Sept.

30, down from 3.82 million in the previous quarter . Nintendo hiked prices in the US, Canada, and Japan as a global memory chip shortage drove up component costs. Revenue for the quarter totaled $2.8 billion, below the $3.04 billion average analyst estimate compiled by LSEG.

Net income of $464.4 million missed expectations of $519.2 million Morningstar equity director Kazunori Ito wrote earlier, " The slowdown has arrived earlier than anticipated," adding, "It's clear that investors have cooled on the Switch 2 platform ." Nintendo maintained its forecast of 16.