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Nintendo Q1 profit jumps 53.5% on Switch 2 demand and Super Mario movie

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Nintendo’s first-quarter profit rose 53.5% as the popularity of its Super Mario movie and steady demand for the Switch 2 console supported results. Quarterly sales fell 9.5% to 517.8 billion yen. Nintendo projects full-year profit of 310 billion yen, down nearly 27%, with annual sales slipping 11%. Switch 2 sold 3.82 million consoles and 9.46 million software units.

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