Nintendo posts profit miss as it slashes Switch forecast again ahead of console's successor
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Nintendo reported weaker-than-expected fiscal third-quarter results and reduced its forecast for the Switch console, anticipating the release of its successor. The company had previously teased the Switch 2.
February 04, 2025 | 7:00 am
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Nintendo's fiscal third-quarter results missed expectations, and the company reduced its forecast for the Switch console, indicating potential challenges ahead of the Switch 2 launch.
The profit miss and reduced forecast for the Switch console suggest potential short-term challenges for Nintendo. The anticipation of the Switch 2 may lead to decreased current console sales, impacting NTDOY's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100