- Nintendo (OTC:NTDOY) stock took a hit after news of a steep drop in its sales and profit, but history has shown it always has lives to spare
- In its April-June Q1 2025, Nintendo’s net profit fell 55 per cent to US$556.7 million (¥ 80.9 billion) which was more than a third below estimates collected by LESG analysts
- Many point out it is commonly understood that Nintendo is just waiting to unveil the successor to its best-selling home console, Switch, sometime early next year
- Nintendo stock last traded at US$11.88 per share
Nintendo (OTC:NTDOY) stock took a hit after news of a steep drop in its sales and profit, but history has shown it always has lives to spare.
Now in its eighth year, the aging Nintendo Switch console sold just 2.1 million units in its April-June Q1 2025 period, down 46 per cent on the year.
Its net profit fell 55 per cent to US$556.7 million (¥ 80.9 billion) which was more than a third below estimates collected by LESG analysts.
Many point out the fact that Nintendo is just waiting to unveil the successor to its best-selling home console (143 million units sold), sometime early next year. This company has been “playing the game” for a long time, does it know how to get to the next level?
(Source: Game Players magazine – August 1994.)
Taking a look back to the August 1994 issue of “Game Players” magazine, an interesting news item can be found in its pages. A 40 per cent drop in fiscal 1993 profits. Adjusting for inflation, US$510 million in 1993 is roughly US$1.1 billion in today’s U.S. dollars.
Reflecting upon this data from 30 years ago, a pattern emerges.
1994: Nintendo, a household name is winding down its popular home gaming console with a few notable releases as it gears up to launch its next big thing. This very issue refers to it as “Project Reality,” because the company is so secretive, it had yet to even reveal a name beyond acknowledging “The Super Nintendo’s successor.” Meanwhile, the company is undertaking the task of moving its production facilities out of Japan to China.
2024: Nintendo, a household name, is winding down its popular home gaming console with a few notable releases as it gears up to launch its next big thing. Without a real name to go on, many have taken to calling it the “Switch 2,” because the company is so secretive, it has yet to even reveal a name beyond acknowledging “The Switch’s successor.” Meanwhile, the company is undertaking the task of moving its production facilities out of China to Vietnam.
What ever became of “Project Reality”? Nintendo would release that console in Japan and North America in 1996 as the Nintendo 64, which sold millions while defining its own generation and the rest, as they say, is history. They also say history has a habit of repeating itself, and if that is true, we could be on the verge of some great times. Also, what ever became of Sega’s theme parks? Your guess is as good as mine.
With headquarters in Kyoto, Japan Nintendo Co., Ltd. is a multinational video game company that develops, publishes and releases video games and video game consoles.
Nintendo (OTC:NTDOY) stock last traded at US$11.88 per share on the OTC Pink market, where it fell more than 12 per cent last week. However, Nintendo stock has risen more than 6 per cent since this time last year and more than 12 per cent in the past five years.
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(Top image: File)