Nintendo cuts sales forecast for its ageing Switch console after disappointing holiday season
Publishing timestamp: 2023-02-07 06:31:49
Summary
Nintendo cut its outlook for its Nintendo Switch console and games sales and slashed its profit outlook for its current fiscal year. The company said the reason for the cut in hardware sales expectations is because Switch "did not perform as expected" during the holiday season. Sony's rival PlayStation 5 is just over two years old and Nintendo released a version of Switch with upgraded display in October 2021. Digital sales of Nintendo games rose by 10.2% year on-year to 122.1 billion yen in December quarter, showing record quarterly sales for this period. Nintendo is also gearing up for the May release of Legend of Zelda: Tears of Kingdom, which analysts said could help the company.
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Keywords: game consoles, sony group corp, business news, games, earnings, nintendo co ltd,