Core Insights - Nintendo reported weaker-than-expected financial results for its fiscal third quarter, leading to a reduction in its sales forecast for the Switch console ahead of the anticipated release of its successor, the Switch 2 [1][3][4] - The company has been trying to maintain interest in the aging Switch console through key game releases featuring popular characters like Super Mario and Zelda, but interest is declining as the console approaches its eighth year [1][3] Financial Performance - Revenue for the fiscal third quarter was 432.92 billion Japanese yen (approximately $2.8 billion), falling short of the expected 498.22 billion yen [4] - Net profit for the same period was 128.53 billion yen, compared to the expected 136.16 billion yen [4] Product Development - Nintendo teased the Switch 2 in a recent trailer, indicating that some existing Switch games will be compatible with the new console, although no price or release date has been announced yet [2][3]
Nintendo posts profit miss as it slashes Switch forecast again ahead of console's successor