With Nintendo Switch 2 Waiting in the Wings, Sales of the Original Switch and Its Games Continue to Tumble
Nintendo has revised its hardware forecast down yet again as sales of the Switch and its games came in “below expectations.”For the first nine months of the current financial year, sales from Nintendo’s dedicated game console business decreased by 31.7% year-on-year to 895.5 billion yen (approx. $5.7 billion) following a significant decline in sales of both the Nintendo Switch and software.Similarly, mobile and IP related income decreased by 33.9% year-on-year to 49.7 billion yen (approx. $320 million), mainly due to the tough comparison with 2023’s blockbuster The Super Mario Bros. Movie.As a result, gross profit declined by 27.3% year-on-year to 565.5 billion yen (approx. $3.6 billion).Nintendo has now revised down its financial forecast for the year ending March 2025, the second time in...