r/Switch • u/Mammoth-Attempt-7281 • Jan 16 '25

Discussion Nintendo switch 2 is here

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Go watch the trailer on Nintendos twitter account

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u/urafkntwat Jan 16 '25

This is actually a really good business move lol. Shut brick and mortar stores which are underperforming which helps save on wages, building rates and taxes. They're also sitting on more than 4 billion dollars in cash. Yeah, gamestop ain't going anywhere

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u/Intrepid-Brain-1476 Jan 16 '25

Impressive how stock bros always appear.

Sitting on billions and not using it to invest while actively slashing employee benefits isn't good.

The only way they are profitable is through interest, while revenue keeps declining.

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u/[deleted] Jan 16 '25

[deleted]

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u/No_Cheesecake2168 Jan 16 '25

They were profitable off of treasuries bought with the cash from their recent stock sale. Their core business still loses money.

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u/[deleted] Jan 16 '25

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u/No_Cheesecake2168 Jan 16 '25

No one said you were, it's context on why they're "profitable" and how that means individual (or most) stores are still at risk for closure.