Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous  —  Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.

from Techmeme https://ift.tt/fyKSXb9