Nintendo lowers Switch sales projections due to decreasing demand for aging console.
- The demand for Nintendo's flagship Switch console, which is over seven years old, is starting to decline, leading to the company's recent struggles.
- Nintendo's gaming business is in need of re-energization, and investors are eagerly awaiting news about a potential successor to the Switch.
The forecast for Switch sales in the fiscal year ending March 2025 was reduced on Tuesday due to decreasing demand for the aging console.
The Japanese gaming giant now anticipates selling 12.5 million units of the Switch instead of the previously forecasted 13.5 million units.
The demand for Nintendo's flagship Switch console, which is over seven years old, has been declining.
Nintendo's gaming business is in need of rejuvenation, and investors are eagerly anticipating updates on a potential successor to the Switch. The company has previously stated that the announcement of the Switch successor would occur during its current fiscal year, which concludes in March 2025.
This breaking news story is being updated.
Technology
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