Nintendo Misses Quarterly Earnings, Slashes Switch Sales Forecast

2025-02-04 106

Nintendo missed quarterly revenue and profit estimates and revised its full-year outlook, slashing Switch console sales projections. It also cut its net profit guidance, a 10% drop from its earlier forecast. The focus remains on the forthcoming Switch 2, the anticipated successor to the popular original console released in 2017. The company previewed the upcoming Switch 2 and plans to provide additional details at its April Nintendo Direct event. Nintendo has tried to keep the Switch relevant with new versions and character-based films, but interest in the aging console is fading.