Nintendo has reduced its full-year sales forecast for the Switch console by 12% to 11 million units, citing a decline in momentum as it prepares to launch a successor. The current Switch has sold 9.54 million units from April to December, totaling 150.86 million lifetime sales. The company's financial outlook has worsened, with operating profit expected to drop by 22.2% to JPY 280 billion, while profit for the same period fell 46.7%. Nintendo remains heavily reliant on its hardware business despite diversifying into stores and film, with the successor expected this April 2.
Nintendo's aging Switch console sales forecast has been reduced by 12% to 11 million units, highlighting reliance on console business amid upcoming successor launch.
Nintendo aims to unveil a successor to the Switch on April 2, indicating a potential shift in fortunes following mixed results with the current console.
Despite solid total sales for its eighth year, Nintendo acknowledged not achieving its sales plan, illustrating the challenges faced by established hardware.
Operating profit for Nintendo was revised downward by 22.2% to JPY 280 billion, reflecting significant profit decline during the current financial year.
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