Nintendo cuts annual profit forecast 10% as Switch sales slow


FILE PHOTO: The Nintendo logo is seen at the Paris Games Week, a trade fair for video games in Paris, France, Oct. 27, 2024. REUTERS/Sarah Meyssonnier/File Photo

TOKYO (Reuters) -Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion) on Tuesday, as sales of its ageing Switch console lost steam.

The forecast is below analyst estimates for profit of 391.4 billion yen.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Factbox-From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
Data and AI firm Databricks valued at $134 billion in latest funding round
Business leaders agree AI is the future. They just wish it worked right now
Review: Defend a moving city in 'Monsters Are Coming' for PC and Xbox
Chip crunch to curb smartphone output in 2026, researcher says
App developers urge EU action on Apple fee practices
'Tomb Raider' Lara Croft to star in two new games 30 years on
Merriam-Webster’s 2025 word of the year is 'slop'
US communities push back against encroaching e-commerce warehouses
Will OpenAI be the next tech giant or next Netscape?

Others Also Read