Nintendo Sees Bigger Profit Fall on Faltering Switch Demand - Bloomberg

The company’s struggled to maintain sales of game hardware and software as consumers sow spending to await the announcement of the next-generation console.

Nintendo Co. slashed its full-year outlook after reporting its fifth straight quarter of profit declines on flagging demand for its Switch console.

The Kyoto-based company cut its operating profit outlook by 10% to ¥360 billion ($2.4 billion) and said it now expects to sell only 12.5 million units of the Switch this fiscal year, versus a previously forecast 13.5 million units. It’s unusual for game companies to lower their guidance before the all-important year-end shopping season.