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Evening Standard
Evening Standard
Business
Martyn Landi

Nintendo cuts profit forecast as gamers turn attention to new Switch console

Nintendo
The new Nintendo Switch console (GAME/PA) - (PA Media)

Gaming giant Nintendo has cut its net profit forecast for its financial year after profit and sales fell as gamers start to look ahead to the release of its next console.

The Japanese firm revised its profit forecast for the year to March 2025 to 280 billion yen (£1.45 billion), down from 360 billion yen (£1.9 billion), and cut the forecast sales of its flagship Nintendo Switch console by 12%.

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