Nintendo Warns of Big Slowdown in Switch Console Sales
- Released in 2017, the Switch has lost much of its momentum
- Sony’s competing PS5 console now in abundant supply globally
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.
The Kyoto-based games maker’s guidance falls shy of an average analyst estimate of 15.7 million units, which has taken into account a deceleration in hardware sales in recent months. The company also forecast operating income of ¥450 billion ($3.3 billion) this fiscal year, close to the ¥455.3 billion average estimate.