Nintendo expects profit to fall by 29% this fiscal year and switch sales to 21 million units
Nintendo said on Tuesday that it expects net profit to fall by 29% this fiscal year because it expects sales of switch game consoles and software copies to fall. The company said it expected net profit for the fiscal year starting in April to drop to 340 billion yen ($2.61 billion), compared with 477.69 billion yen in the previous fiscal year. Nintendo said it expected to sell 21 million switch consoles this fiscal year, up from 23.1 million in the previous fiscal year. The company expects to sell 210 million copies of switch software this fiscal year, compared with 235.1 million in the previous fiscal year.
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