Nintendo Q2 Revenue Down 4%, Sony Operating Profit Falls 29% YoY, Raises Full-Year Outlook, Switch Sales Rise 2.4% YoY

Nintendo reports a 4% year-on-year (YoY) decrease in Q2 revenue to approximately $2.2 billion and a 19% YoY decrease in profit to around $603 million, both surpassing estimates. Switch sales from April to September rose by 2.4% YoY to 6.84 million. Sony's operating profit fell by 29% YoY to about $1.74 billion, with a revenue increase of 8% YoY to approximately $18.5 billion in Q2. Sony's profit for the April-September period was 516 billion yen ($3.42 billion), down 30% from the previous year. The company's chip division profit also decreased by 38%. Sony raised its full-year outlook for sales and profit as electronics and media spending stabilized, and a weaker yen bolstered its global numbers. Sony's net income plunged by 29% in Q2 to $1.32 billion, driven by declines in entertainment and financial services.