Things at Nintendo are getting pretty ugly as gamers hold out for the Switch 2
Well, the Switch didn’t see any miracles in its eighth holiday season.
Nintendo reported its sixth straight quarter of profit declines as demand for its Switch, the elder statesman of current gen consoles, continued to falter.
In the nine months through December, Nintendo’s net profit sank 42% from the year prior. Switch console sales fell 31%, and game sales (software) fell more than 24%. Nintendo slashed its annual console sales outlook to 11 million units, down from 12.5 million last quarter (which itself marked a decline).
Of course, it makes sense that people aren’t rushing out to buy an exceptionally old handheld console when they know a brand-new one is finally on the horizon.
Last month, Nintendo finally gave us a look at the Switch 2, though it did not give pricing details or a release window beyond this year. Meanwhile, rival Microsoft’s Xbox has struggled mightily to crack Nintendo and Sony’s strong lead in gaming hardware.
In the nine months through December, Nintendo’s net profit sank 42% from the year prior. Switch console sales fell 31%, and game sales (software) fell more than 24%. Nintendo slashed its annual console sales outlook to 11 million units, down from 12.5 million last quarter (which itself marked a decline).
Of course, it makes sense that people aren’t rushing out to buy an exceptionally old handheld console when they know a brand-new one is finally on the horizon.
Last month, Nintendo finally gave us a look at the Switch 2, though it did not give pricing details or a release window beyond this year. Meanwhile, rival Microsoft’s Xbox has struggled mightily to crack Nintendo and Sony’s strong lead in gaming hardware.
