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International Business Times
International Business Times
Business

Nintendo Cuts Net Profit Forecast As Switch Sales Slow

Nintendo Serkan Toto Video Game
Nintendo cut its net profit forecast after sales for its Switch console fell in the first three quarters (Credit: AFP)

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.

The Switch, which is both a handheld and TV-compatible device, hit shelves in 2017 and became a must-have gadget among all age groups during pandemic lockdowns.

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