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Nintendo to announce new flagship Switch console this fiscal year - TL;DR CNBC

Nintendo to announce new flagship Switch console this fiscal year

Publishing timestamp: 2024-05-07 05:03:20


Summary

Nintendo announced it will release a successor to its flagship Switch console in fiscal year ended March 2025 after forecasting a sharp drop in profit. The company beat its own forecasts for Switch sales in the year ended March 2024, but expects fewer sales in the upcoming fiscal year. Investors are eagerly awaiting details on the new console, as Nintendo aims to capitalize on interest in its famous characters and revive hardware sales.


Sentiment: MIXED

Tickers: 7974.T-JP

Keywords: video gamesmarketstechnologybusiness newsgame consolesgamesnintendo co ltdearningsbreaking news: asiabreaking news: technologyearnings announcements

Source: https://www.cnbc.com/2024/05/07/nintendo-ntdoy-earnings-report-q4-and-fy-2024.html


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