Nintendo Again Lowers Switch Forecast Ahead of Successor Console Launch

Nintendo (TSE: 7974) reported weaker-than-expected revenue and profit figures for Q3/2024 on February 3, 2025, while also lowering its forecast for the Switch console ahead of the release of its successor. The results for the period are as follows: - Revenue: 432.92 billion JPY (Expected 488.88 billion JPY) - EPS: 110.40 JPY (Expected 121.25 JPY) While Nintendo missed market expectations, the focus is on the upcoming Switch 2 - the successor to the highly successful Nintendo Switch released in 2017. In January 2025, Nintendo teased the...