Nintendo's financial report for the first nine months of fiscal 2024 revealed underperformance in both hardware and software sales for the Switch, prompting a downward revision of expectations. Initially, Nintendo projected 12.5 million console sales but now anticipates only 11 million, alongside a drop in game sales forecasts from 160 million to 150 million. Despite these declines, management noted that Switch continues to attract a growing number of active users, indicating a shift in user engagement rather than hardware-driven sales.
Nintendo's latest sales figures reveal a decline in both console and game sales, dropping expectations for the fiscal year from 12.5 million to 11 million consoles sold.
Despite lower sales, Nintendo emphasizes that the Switch 'continues to be enjoyed by many people,' highlighting its stability in the eighth year of its lifecycle.
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