On Tuesday, Nintendo cut the sales expectation of the Nintendo Switch for this fiscal year, as demand for the aging console shrunk. The company recorded a 69% decline in its FY2Q25.
The gaming giant from Japan has reported that the company has scaled down sales expectations from 13.5 million to 12.5 million units of Switch for the current fiscal year.
Nintendo has entered the eighth generation with no new console of its own and has to contend with the declining sales of its seven-year-old machine from the previous generation.
Investors and fans alike are anticipating news on the Switch successor, especially investors, who hope that the new console will revitalize the Nintendo gaming business and its sales.
In May, Nintendo’s President Shuntaro Furukawa posted on X that the company would make an announcement on the new console within the current fiscal year, which would end in March 2025.
In the first half of fiscal year 2025, Nintendo has sold 4.72 million units of Switch, compared to the same period last fiscal year of 6.84 million units sold, representing a 31.0% decline. Sales of Nintendo Switch have been on a steady decline since its peak in 2021 which sold a total of 28.83 million units of Switch.
Nintendo also reduced its full fiscal year sales and operating profit forecast down. Now the company expects sales of JPY 1.28 trillion instead of the previous JPY 1.35 trillion prediction, the outlook on operating profit was also trimmed down from JPY 400 billion to JPY 360 billion.
