Nintendo cuts annual profit forecast by 10% as Switch sales slow

TOKYO : Nintendo on Tuesday cut its operating profit forecast for the year to March 2025 by 10 per cent to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam. The Kyoto-based gaming company sold 4.

7 million Switch consoles in the first half of the financial year. That compares with 6.8 million units sold in the same period a year earlier.



Nintendo lowered its full-year sales forecast for the console, which is in its eighth year on the market, by 7 per cent to 12.5 million units. ($1 = 152.

3400 yen).