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Nintendo’s stock rose to a new high in January, following the company’s teaser of the Switch 2 console, which is set for a full unveiling in April.
Photographer: Buddhika Weerasinghe/BloombergFebruary 4, 2025 at 1:35 AM EST
Updated on February 4, 2025 at 2:23 AM EST
Nintendo Co. revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking forward to the release of its next-generation console.
The Kyoto-based company now expects ¥280 billion ($1.8 billion) in operating income in the fiscal year to March, slashing more than a fifth from its prior forecast. It also expects to sell 11 million units of the original Switch console, down from the 12.5 million previously.
