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Nintendo cuts net profit forecast, says Switch sales 'below expectations'

BSS
Published On: 04 Feb 2025, 13:13

TOKYO, Feb 4, 2025 (BSS/AFP) - Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast to 270 billion yen ($1.7 billion) from 300 billion yen, as sales of its Switch console slow.

"Nintendo Switch hardware and software sales through the third quarter were below expectations," the company said in its explanation of the profit warning.

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