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Nintendo reports 41.9% drop in net profit, slashes full-year forecast amid weak Switch sales.
Nintendo reported a significant drop in net profit, down 41.9%, to 237.1 billion yen for the nine months ending December 2024, citing waning demand for its Switch consoles.
The company has reduced its full-year profit forecast to 270 billion yen, a 10% decrease from its earlier projection.
Nintendo plans to release a new console this year, which may help boost sales and profits.
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Nintendo reporta una caída del 41,9% en el beneficio neto, recorta las previsiones a todo el año en medio de débiles ventas de Switch.