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Nintendo cuts sales forecast
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Nintendo's recent struggles have come as demand for its flagship Switch console, which is now more than seven years old, is beginning to fade. Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
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.
Nintendo Sees Bigger Profit Fall on Faltering Switch Demand
Nintendo Co. slashed its full-year outlook after reporting its fifth straight quarter of profit declines on flagging demand for its Switch console.
1d
Why Nintendo Stock Dropped Today
Nintendo sells video games and has tons of monetizable intellectual property. But the bread and butter of this business is ...
The Associated Press - Business News on MSN
8h
As Nintendo profits drop, company bets new Switch will boost players and sales
His comments come a day after
Nintendo
reported a 60% drop in its fiscal first-half
profit
, largely because of declining sales of the Switch, which is in its eighth year, as well as Switch games.
Inverse
19h
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
Nintendo
also cut full fiscal year forecasts for sales and operating
profit
. The company said it now expects sales of ...
1d
Nintendo Cuts Annual Profit Forecast by 10% as Switch Sales Slow
TOKYO (Reuters) - Nintendo on Tuesday cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ...
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