Nintendo cuts profit guidance on reduced Switch sales forecast
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Nintendo has lowered its sales and profit guidance for the fiscal year ending in March, due to decreased demand for the Nintendo Switch.
November 05, 2024 | 12:30 pm
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Nintendo has reduced its sales and profit forecasts for the fiscal year ending in March, attributing this to a decline in demand for the Nintendo Switch.
The reduction in sales and profit guidance is a direct result of decreased demand for the Nintendo Switch, which is a key product for Nintendo. This is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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