<p>視頻遊戲公司 <strong>任天堂</strong>(NTDOY -1.68%) 的股票在週二下跌，此前該公司公佈了財務業績。這家日本公司不常報告財務數據，但提供了最近六個月的數字。投資者對此並不太滿意，因此截至東部時間上午 10:20，任天堂的股票下跌了約 3%。但在當天早些時候，股價一度下跌接近 5%。</p>
<h2>任天堂 Switch 的銷售未達預期</h2>
<p>任天堂銷售視頻遊戲，並擁有大量可變現的知識產權。但這項業務的核心是視頻遊戲主機。目前的硬件是任天堂 Switch，已經有八年曆史。考慮到其年齡，銷售下滑並不令人驚訝。</p>
<p>任天堂 2025 財年的上半年於 9 月 30 日結束。在這六個月期間，淨銷售額較 2024 財年的可比期間下降了 34%，營業利潤下降了 57%。此外，該公司在此期間售出了不到 500 萬台 Switch 主機，下降幅度為 31%。</p>
<p>鑑於 2025 財年上半年的銷售疲軟，任天堂下調了 Switch 銷售的全年預期。之前它希望在 2025 財年售出 1350 萬台，現在希望售出 1250 萬台，這顯然也降低了其收入和利潤預期。這就是股票下跌的原因。</p>
<h2>Switch 2 何時發佈？</h2>
<p>按照慣例，任天堂管理層對繼任任天堂 Switch 的細節保持謹慎——非正式名稱為 “Switch 2”。但據路透社報道，管理層表示仍希望在 2025 財年結束前，即 3 月之前發佈新主機。</p>
<p>投資者可能更希望任天堂能在假日購物季之前發佈 Switch 2。但目前看來這不太可能。儘管如此，遲早公司會更新其硬件。而該設備的表現對投資者來説將極為重要，因為它可以推動業務近十年，正如任天堂 Switch 所證明的那樣。</p>

任天堂

任天堂(ADR)

<p>任天堂（NTDOY）的股價下跌約 3%，原因是該公司公佈了 2025 財年上半年的財務業績令人失望，淨銷售額下降 34%，營業利潤下降 57%。老化的任天堂 Switch 主機銷量不足 500 萬台，這促使公司將全年銷售預期從 1350 萬台下調至 1250 萬台。投資者還對備受期待的 “Switch 2” 主機的推遲發佈表示擔憂，管理層希望在 2025 財年結束前推出該產品</p>

<p>Shares of video game company <strong>Nintendo</strong>(NTDOY -1.68%) dropped on Tuesday after the company reported financial results. The Japanese company reports infrequently but provided numbers for the most recent six-month period. Investors weren't too thrilled and Nintendo stock was consequently down about 3% as of 10:20 a.m. ET. But it had been down closer to 5% earlier in the day.</p>
<div class="lb-trans"><p>視頻遊戲公司 <strong>任天堂</strong>(NTDOY -1.68%) 的股票在週二下跌，此前該公司公佈了財務業績。這家日本公司不常報告財務數據，但提供了最近六個月的數字。投資者對此並不太滿意，因此截至東部時間上午 10:20，任天堂的股票下跌了約 3%。但在當天早些時候，股價一度下跌接近 5%。</p>
</div><h2>The Nintendo Switch isn't selling as hoped</h2>
<div class="lb-trans"><h2>任天堂 Switch 的銷售未達預期</h2>
</div><p>Nintendo sells video games and has tons of monetizable intellectual property. But the bread and butter of this business is video game consoles. Right now, the current hardware is the Nintendo Switch and it's eight years old. Given its age, it's not surprising that sales are waning.</p>
<div class="lb-trans"><p>任天堂銷售視頻遊戲，並擁有大量可變現的知識產權。但這項業務的核心是視頻遊戲主機。目前的硬件是任天堂 Switch，已經有八年曆史。考慮到其年齡，銷售下滑並不令人驚訝。</p>
</div><p>The first half of Nintendo's fiscal 2025 ended on Sept. 30. And during that six-month period, net sales were down 34% from the comparable period of its fiscal 2024 and operating profit fell 57%. Moreover, the company sold fewer than 5 million units of its Switch console during this time, down 31%.</p>
<div class="lb-trans"><p>任天堂 2025 財年的上半年於 9 月 30 日結束。在這六個月期間，淨銷售額較 2024 財年的可比期間下降了 34%，營業利潤下降了 57%。此外，該公司在此期間售出了不到 500 萬台 Switch 主機，下降幅度為 31%。</p>
</div><p>Given the lackluster sales in the first half of fiscal 2025, Nintendo is lowering its full-year guidance for Switch sales. Previously it hoped to sell 13.5 units in fiscal 2025. Now it's hoping to sell 12.5 million, which obviously lowered its revenue and profit expectations as well. This is why the stock is down.</p>
<div class="lb-trans"><p>鑑於 2025 財年上半年的銷售疲軟，任天堂下調了 Switch 銷售的全年預期。之前它希望在 2025 財年售出 1350 萬台，現在希望售出 1250 萬台，這顯然也降低了其收入和利潤預期。這就是股票下跌的原因。</p>
</div><h2>When does Switch 2 come out?</h2>
<div class="lb-trans"><h2>Switch 2 何時發佈？</h2>
</div><p>As is tradition, Nintendo's management is being cagey regarding details for a successor to the Nintendo Switch -- the unofficial name is the &#34;Switch 2.&#34; But as reported by Reuters, management says it still hopes to release the new console before the end of fiscal 2025 in March.</p>
<div class="lb-trans"><p>按照慣例，任天堂管理層對繼任任天堂 Switch 的細節保持謹慎——非正式名稱為 “Switch 2”。但據路透社報道，管理層表示仍希望在 2025 財年結束前，即 3 月之前發佈新主機。</p>
</div><p>Investors might have preferred for Nintendo to release Switch 2 in time for the holiday shopping season. But that's looking unlikely at this point. That said, sooner or later, the company will update its hardware. And the performance of that device will be extremely material for investors because it can drive the business for nearly a decade, as evidenced by the Nintendo Switch.</p>
<div class="lb-trans"><p>投資者可能更希望任天堂能在假日購物季之前發佈 Switch 2。但目前看來這不太可能。儘管如此，遲早公司會更新其硬件。而該設備的表現對投資者來説將極為重要，因為它可以推動業務近十年，正如任天堂 Switch 所證明的那樣。</p>
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任天堂股票今天為何下跌