Nintendo cuts Switch sales forecast as demand for ageing console wanes

Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California.

Rodin Eckenroth | Getty Images Entertainment | Getty Images

Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.

The Japanese gaming giant said it now expects to sell 12.5 million units of the Switch over the course of the period. That’s down from a previous forecast of 13.5 million units.

Nintendo has been contending with fading demand for its flagship Switch console, which is now more than seven years old.

Investors are waiting for news surrounding a successor to the Switch, which they hope will re-energize Nintendo’s gaming business. In the past, the company said that the Switch successor will be announced in its current fiscal year, which ends in March 2025.

This breaking news story is being updated.

Source

World

Asia-Pacific markets rise as investors look toward slate of China economic data

October 20, 2025

Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets opened higher Monday as investors awaited a slew of economic data coming out of China. Analysts polled by Reuters expect China’s economy to have slowed in the third quarter, forecasting gross domestic product to have grown 4.8% in […]

World

Japanese family businesses are facing a succession crisis. That is fueling a private equity boom

October 19, 2025

Japan Inc. is confronting a ticking demographic time bomb, and private equity players are racing to defuse it. Across the country, ageing business owners are facing a dual reckoning: heirs not interested in taking over the family business, and steep inheritance taxes. For many family businesses, rooted in the tradition of handing over the reins […]

World

These fund managers are betting against sterling as fears grow over UK outlook

October 19, 2025

A number of asset managers are betting that the pound will tumble in value as the U.K. wrestles with faltering growth and Finance Minister Rachel Reeves confronts a looming fiscal headache in next month’s budget. Candriam is positioned short against the pound, with Nicolas Jullien, Candriam’s global head of fixed income, highlighting the U.K.’s challenging […]