Nintendo cuts profit forecast as gamers turn to new Switch console

Gaming giant Nintendo has cut its net profit forecast for its financial year after profit and sales fell as gamers start to look ahead to the release of its next console. The Japanese firm revised its profit forecast for the year to March 2025 to 280 billion yen ($1.8 billion), down from 360 billion yen and cut the forecast sales of its flagship Nintendo Switch console by 12%. Last month, Nintendo finally confirmed that the much-rumoured Switch 2 would be released in 2025 and published a short p