‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Nintendo reported a 53.5% surge in quarterly profits, largely driven by a significant refund of US tariffs previously paid by the company. Despite this financial boost, the company experienced a 10% decline in overall sales compared to the same period last year.
Nintendo said sales of its Switch 2 console, which was released last summer, maintained strong sales momentum but overall sales dropped 10%./Getty Images Nintendo said sales of its Switch 2 console, which was released last summer, maintained strong sales momentum but overall sales dropped 10%./Getty Images Nintendo ‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo Quarterly profit jump fuelled largely by unknown US refund amount as Japanese video game giant records overall sales drop
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