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Title    Nintendo Says Announcement on Switch Successor 'This Fiscal Year'
Date    Thursday May 09, @07:11PM
Author    hubie
Topic   
from the dept.
https://soylentnews.org/article.pl?sid=24/05/08/0416254

upstart writes:

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.


Original Submission

Links

  1. "upstart" - https://soylentnews.org/~upstart/
  2. "Nintendo says announcement on Switch successor 'this fiscal year'" - https://www.japantimes.co.jp/business/2024/05/07/companies/nintendo-switch-successor/
  3. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=62762

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printed from SoylentNews, Nintendo Says Announcement on Switch Successor 'This Fiscal Year' on 2024-07-18 04:47:14