Nintendo Co said it will announce a successor to its seven-year-old Switch game console, after forecasting a major profit decline for the current fiscal year.
President Shuntaro Furukawa took to X (formerly Twitter) to say there will be an announcement on the next hardware platform by March, shortly after his company said it expects operating income to fall to 400bil yen (RM12.29bil) in the year to March 2025 on 1.35 trillion yen (RM41.49bil) in net sales. Both figures fell well shy of average analyst estimates and underscored the challenge for the company that’s still reliant on ageing hardware.