(Feb 3): Nintendo Co’s profit rose a smaller-than-expected 23%, hurt by US tariffs on its flagship Switch 2 console and raising concerns about the impact of soaring memory chip prices on margins in 2026. Switch 2 sales came to 7.01 million units in the December quarter, compared with the 6.5 million average analysts’ estimate. But operating income was ¥155.21 billion (US$998.5 million or RM3.92 billion), missing estimates for ¥180.7 billion. Longer term, the Japanese company has to cope with surging memory prices that threaten the gadget’s already razor-thin margins. That’s resulting in rising memory prices that may also hurt software sales, Nintendo’s primary profit engine.

Source: The Edge Markets February 03, 2026 08:40 UTC