Nintendo cuts full year Switch sales forecast to 11 million units
The company also lowered its operating profit forecast on Tuesday by 22.2% to 280 billion yen ($1.8 billion) for the financial year ending March
Japan's Nintendo cut its full-year sales forecast on Tuesday for the aging Switch console by 12% to 11 million units ahead of the launch of a successor device this year.
The company also lowered its operating profit forecast on Tuesday by 22.2% to 280 billion yen ($1.8 billion) for the financial year ending March.
Nintendo remains dependent on its console business even as it has opened stores and its roster of characters feature in theme parks and film.
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The company sold 9.54 million Switch units in the April-December period.
Last month Nintendo said it will release a successor to the hit home-portable Switch console this year.
The Switch 2 appears to closely follow the design of its predecessor, which transformed Nintendo's fortunes after the underperformance of the Wii U.
In the April-December period, profit fell 46.7% to 247.6 billion yen.
