Switch 2’s Software Boom Mirrors a Global Entertainment Shift

Nintendo just told investors something that should sound familiar to anyone who has watched Netflix earnings calls over the last five years. Hardware growth is slowing. Software and IP revenue are picking up the slack, and increasingly, they’re doing it outside Japan and the US. It’s a quiet admission with loud implications. The console business isn’t dying. But the model that made Nintendo money for four decades- sell a box, sell a handful of cartridges- is being replaced by something…