Summary
- Japanese video game company Nintendo has reported a disappointing FY25, with revenues of ¥1,164.9bn ($9.5bn), a year on year decline of 30.3%.
- This was due in the main to a slowdown in sales in anticipation of the June 2023 launch of the hybrid home and portable Nintendo Switch 2 console.
- Nintendo’s Switch 2 is forecast to sell 15 million units in hardware, with 45 million games, in the period from its launch date to end March 2024.
- This will contribute to the expected 4.5 million units and 105 million games decline for the original Switch console in the same period.
- Nintendo’s net profit for the year was down 43.2% to ¥278.8bn ($2.2bn).
- Sales were down in both console and mobile gaming, and in IP related income.
By Dean Takahashi
Original Article