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posted by hubie on Thursday May 09 2024, @07:11PM   Printer-friendly

Nintendo says announcement on Switch successor 'this fiscal year':

Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.

Despite logging a record net profit in the year to March, helped by the weak yen, the game giant expects net profit to drop nearly 40% in the current financial year.

Players and investors have been hungry for news about a successor to the Switch, and the company said a statement was finally forthcoming.

[...] Bloomberg Intelligence analyst Nathan Naidu said before the earnings release that Nintendo consoles typically have a "six-to-seven year lifecycle."

"Given hardware drives about 40% of total sales, its drag on (the) overall top line might extend into fiscal 2025 absent a new gaming gadget," he said.


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  • (Score: 2) by Tork on Friday May 10 2024, @05:49PM

    by Tork (3914) Subscriber Badge on Friday May 10 2024, @05:49PM (#1356463)
    Oh yah, I have a relative of the product you listed and I love it! I managed to get one with a pre-loaded card and it not only had a bunch of stuff I had never heard of, but they also had it organized by horizontal and vertical games! Very cool. Now I just wish I had more free time to explore it all.

    I'm also a fan of pinball and noticed a couple of devices on TechMoan (... a youtube channel I imagine would be fairly popular with SN visitors) that I'd reaaaaaally like to whip the credit card out on!
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