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.

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