Nintendo Switch Sales Plummet as Fans Await Successor
Nintendo has reported a significant decline in sales for its Switch console, with 2.1 million units sold in the April-June period compared to 3.91 million units during the same period last year. Despite this decrease, the company has maintained its full-year Switch sales forecast of 13.5 million units. Nintendo is preparing to launch a successor to the Switch, expected to be announced within the current fiscal year.
The video game industry is facing challenges with rising costs and weak pricing power. In a related development, Sony-owned developer Bungie has announced it will cut almost a fifth of its workforce. Nintendo's first-quarter net profit has dropped 55% to 80.95 billion yen ($542 million), with a 47% decrease in revenue from the previous year. The company's annual net profit forecast remains unchanged at 300 billion yen, a significant reduction from the previous year's 490 billion yen.
