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Nintendo cuts sales forecast
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 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.
Inverse
1h
Switch 2 Won’t Make Your Game Library Obsolete, Nintendo Confirms
Nintendo confirms that its next console will be backward compatible with current Switch games, answering one of players' most ...
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 ...
Yahoo
1h
Nintendo expects to sell fewer Switches than planned as new model looms
Nintendo was prepared to suck it up financially this year as sales of its aging Switch decline, but things are going a bit ...
TechSpot
1d
Nintendo reports 60% plunge in YoY profit for the first half as the Switch shows its age
In brief:
Nintendo
is experiencing a financial hangover after a great run with its Switch console. The company has reported a 60 percent drop in
profit
for the first half of its fiscal year ...
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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