Nintendo cuts annual operating profit forecast as Switch sales slow
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Nintendo has reduced its annual operating profit forecast by 10% to 360 billion yen due to declining sales of its aging Switch console.
November 05, 2024 | 12:30 pm
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Nintendo has lowered its annual operating profit forecast by 10% to 360 billion yen, citing a slowdown in sales of its Switch console.
The reduction in profit forecast is directly linked to the declining sales of the Switch console, which is a significant product for Nintendo. This is likely to negatively impact investor sentiment and the stock price in the short term.
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