The company has slashed its sales forecast for the Nintendo Switch, now in its eighth year, citing the platform's age and reduced consumer interest.

Nintendo has slashed its forecast for Switch sales this financial year amid growing anticipation for the announcement of the Switch 2. Today, November 5, Nintendo cut its Switch sales projection for the financial year ending March 2025 from 13.5 million units to 12.5 million units, with the console now in its eighth year on sale.

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Nintendo Co. slashed its full-year outlook after reporting its fifth straight quarter of profit declines on flagging demand for its Switch console.

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year

Nintendo cut on Tuesday its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam. The latest forecast is below analyst estimates of a 391.