Nintendo reported fiscal first-quarter earnings Thursday, posting profit and revenue that beat analyst estimates even as Switch 2 console sales dropped significantly. The sales decline comes ahead of an expected price hike for the console next month. The company's earnings results were released as investors watch for how the upcoming price increase affects demand. Despite the weaker console sales, Nintendo's overall financial performance exceeded expectations, according to the reports. No specific figures were provided in the reports, but the company's quarterly results underscored a mixed picture: strong profit and revenue on one hand, and softening hardware sales on the other. The anticipated price hike next month is seen as a potential further challenge for the console's momentum. Investors and analysts are likely to focus on whether the price increase will revive margins or further dampen sales. The reports did not specify the exact magnitude of the sales drop or the size of the price increase, but both pointed to the same trend: a notable slowdown in Switch 2 sales leading into the price change.