Japan's Nintendo Co Ltd on Tuesday said it sees a further slide in sales of its aging Switch console to 15 million units in the financial year to end-March 2024, a 17% annual drop that would mark a third consecutive year of decline.
People stand in front of Nintendo's logo in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon/File PhotoFY operating profit fell 15% to 504 bln yenon Tuesday said it sees a further slide in sales of its aging Switch console to 15 million units in the financial year to end-March 2024, a 17% annual drop that would mark a third consecutive year of decline.
"It's difficult for Switch hardware and software sales to maintain the same pace," Nintendo President Shuntaro Furukawa told a press conference, adding that he still sees room for new users to come to the hybrid home/portable device. "Based on the guidance, it is crystal clear the launch of a 'Switch 2' or entirely new piece of hardware can be ruled out this fiscal year," said Serkan Toto, founder of the Kantan Games consultancy.
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