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Nintendo Cuts Switch Sales Forecasts
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
Nintendo profits fall as sales of Switch console dip worldwide
The company results also showed a 34% drop in sales – the bulk of which comes from Nintendo Switch hardware and software – including in Europe, where Switch sales dropped from 175.8 billion yen (£889 million) last year to 113.2 billion yen (£573 million) this year.
Nintendo cuts annual profit forecast 10% as Switch sales slow
Nintendo cut on Tuesday its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam. The latest forecast is below analyst estimates of a 391.
The Associated Press - Business News on MSN
1h
Nintendo Chief insists the Switch momentum will keep going, even after its successor
Japanese video game maker Nintendo's chief says its Switch console sales are still going strong, while he promised that a ...
Inverse
9h
Nintendo Just Revealed the Demand for Switch 2 Is Stronger Than Ever
Nintendo just cut back its profit forecast for the current fiscal year, according to Reuters. The Japanese tech company ...
NBC Washington
1d
Nintendo cuts Switch sales forecast as demand for ageing console wanes
In the past, the company said that the
Switch
successor will be announced in its current fiscal year, which ends in March ...
8h
Ferrari's Core Profit Rises Despite Shipment Dip After Software Switch
The Italian company switched over the summer to a new enterprise resource planning (ERP) method, a type of software system ...
The Sunday Business Post
1d
Nintendo sees bigger profit decline on faltering Switch demand
The company has struggled to maintain sales of game hardware and software as consumers sow spending to await the announcement ...
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