Nintendo's stock price was hit hard by the company warning of a sharp decline in profits and suggesting the possibility that the next-generation game console Switch would not be sold until 2025, and recorded the biggest decline in the past month or more. President Shuntaro Furukawa stated via social media that Nintendo plans to release the 7-year-old Switch next year, but that announcement will not be made at the next Nintendo Direct. In response to this news, Nintendo shares fell 4.9% in the Tokyo Stock Exchange.
Prior to this, Nintendo anticipated a 19% decrease in sales and a 24% decrease in operating profit for the fiscal year ending 2025/3 to 400 billion yen, which exceeded market expectations.
Mr. Eiji Maeda, an analyst at SMBC Nikko Securities, pointed out that Mr. Furukawa's statement suggests that sales of next-generation hardware are at the earliest until 2025. He said, “The sales volume of 13.5 million Switch units, which is Nintendo's target for this fiscal year, seems difficult until next-generation consoles are released.”
According to the quarterly report for March this year, Nintendo's operating profit fell 31% to 64.5 billion yen, a sharp drop more than expected. Headquartered in Kyoto...

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 38,500 yen - 38,900 yen (closing price 38,695 yen 97 sen on the 13th)
● Bank of Japan decides to aggregate wage increases to discuss cancellation of negative interest rates
● Bank of Japan considers complete suspension of new ETF purchases and begins normalization - stakeholders
● European Parliament Passes AI Regulation Draft Clarification Obligations for Generated Content
● Tesla falls “growth enterprise without growth” where analysts' sense of caution spreads
● Nissan Motor Co., Ltd. and Honda are considering collaboration on EVs to standardize parts and procure
● A British fund with a return of over 1900% breaks a long silence in Japan, where it invests
ー MooMoo News Mark
Market Overview
In the US stock market on the 13th, the NY Dow Jones Industrial Average continued to rise for 3 days to 39,043 dollars 32 cents, 37 dollars 83 cents higher than the previous business day. The Nasdaq Composite Stock Price Index fell 87.870 points to 16177.766. Amid strong and weak views in the Tokyo stock market on the 14th, the Nikkei Stock Average was in the latter half of the 38,000 yen range, and buying and selling intertwined...

Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,000 yen - 39,500 yen (26th closing price 39,233 yen 71 sen)
● NVIDIA completely reverses from buying before settlement, hedge funds sell tech
● Bitcoin is above 53,000 dollars, the highest level in the past 2 years or so
● US new home sales increased, supported by falling interest rates - the past 3 months were revised downward
● Microsoft partners with France's emerging Mistral AI - US Open AI competition
● Violations of safety standards have become normal in the Las Vegas underground tunnel promoted by Mr. Musk
● Zoom's sales and profits exceed market expectations, share buyback announcements - rapid rise in stock prices
● The successor to the Nintendo Switch will also go on sale in 2025/3
● Nippon Steel and the National Steel Workers Union sign a confidentiality agreement - US Steel acquisition
— MooMoo News Kathy　　
Market Overview
In the US stock market on the 26th, the NY Dow Jones Industrial Average fell 62 dollars 30 cents lower than the previous business day to 39,069 dollars 23 cents for the first time in 4 days. Nasdaq General Stock...