Nintendo reduce on Tuesday its working revenue forecast for the yr to March 2025 by 10% to 360 billion yen ($2.36 billion), as its ageing Swap console loses steam.
The newest forecast is under analyst estimates of a 391.4 billion yen revenue.
The Kyoto-based gaming firm offered 4.7 million Swap consoles within the first half of the monetary yr. That compares with 6.8 million models offered in the identical interval a yr earlier.
Nintendo lowered its full-year gross sales forecast for the console, which is in its eighth yr available on the market, by 7% to 12.5 million models. That might be down 20% from precise Swap gross sales of 15.7 million models a yr earlier.
It additionally revised down its annual software program gross sales forecast by 3% to 160 million models.
“For a platform that’s in its eighth yr available in the market, each {hardware} and software program get pleasure from steady demand and brisk gross sales,” Nintendo President Shuntaro Furukawa informed an internet press convention.
“However gross sales thus far fell in need of our authentic projections. Considering their gross sales within the first half, we revised our forecasts for each {hardware} and software program, and that led to the earnings revision.”
Furukawa stated there was no change to Nintendo’s plan to announce a successor to its long-lasting Swap console within the present monetary yr, however didn’t go into specifics.
Shares in Nintendo closed down 3.9% forward of the earnings bulletins, underperforming the Nikkei common’s 1.1% achieve.
($1 = 152.3400 yen)
