Nintendo cuts sales forecasts as Switch console demand declines

Nintendo has lowered its sales forecast for the Switch console and now expects to sell 12.5 million units instead of the previous 13.5 million. The company reported revenue fell 17%, and net profit plummeted 69% in the first half of its fiscal year.

Switch, launched over seven years ago, is still the company’s second best-selling console ever, but it is seeing less demand.

The Japanese gaming firm also reduced its sales and profit predictions, now aiming for $8.31 billion (1.28 trillion yen) in sales and $2.3 billion (360 billion yen) in operating profit.

While the success of relaunching past games like The Legend of Zelda: Tears of the Kingdom and films like Super Mario Bros. Movie helped boost sales before, that effect is fading.