Japanese gaming giant Nintendo has reported a robust 18.6% increase in net profit for the April-June quarter, driven by strong global sales of its newly launched Switch 2 console.

The Kyoto-based company earned 96.03 billion yen ($640 million) during the first fiscal quarter, up from 81 billion yen in the same period last year. Revenue more than doubled, reaching 572.36 billion yen ($3.8 billion), according to the company’s earnings report released Friday.

Nintendo said it sold 3.5 million units of the Switch 2 worldwide within the first four days of its June 5 release — the fastest-selling hardware launch in the company's history. Sales momentum has remained strong since, boosted in part by the console’s higher price tag of about $450, compared to the original Switch's $300 launch price in 2017.

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Top-performing games included Mario Kart World and Donkey Kong Bananza, while Pokemon Friends, released for the previous generation Switch, is also compatible with the new model.

The Switch 2, like its predecessor, functions both as a handheld device and home console.

Nintendo maintained its projection to sell 15 million Switch 2 units in the current fiscal year. It also held firm on its annual profit outlook through March 2026 at 300 billion yen ($2 billion), representing a year-on-year increase of nearly 8%.

Despite a 50% rise in Nintendo’s stock over the past year, shares dipped nearly 1% just before the earnings release. Concerns remain over potential impacts from U.S. President Donald Trump’s tariffs on Japanese exports, though these have yet to affect the company's overall outlook.

Source: Agency