• Loading stock data...
Thursday, September 18, 2025

Nintendo Slashes Forecast for Popular Gaming Console

  • Switch sales reached 6.68 million units during the period, down 19% year-over-year.
  • Full-year sales are projected to be at 19 million units by the end of March 2023.
Harrison Hill / Imagn

Nintendo slashed its full-year sales forecast for its best-selling home gaming console ever following the release of its latest earnings report.

The Japanese video game giant reported $4.5 billion in sales for the six months ending Sept. 30, a 5% increase year-over-year. Its ordinary profit reached $2.2 billion during the period, compared to $1.6 billion for the six months ending Sept. 30, 2021. Despite the growth in revenue and profit, Nintendo has been hampered by the ongoing chip shortage plaguing the tech industry. 

  • Switch sales reached 6.68 million units during the period, down 19% year-over-year.
  • Full-year sales are projected hit 19 million units by the end of March 2023.
  • Switch sales were previously projected to reach 21 million units during the same span. 

Nintendo has seen its Switch output improve since September and is “continually working to front-load production” to prepare for the holiday season.

As of Sept. 30, Nintendo has sold 114.3 million units of the Switch since its 2017 release. 

New Faces 

The Public Investment Fund — Saudi Arabia’s sovereign wealth fund — acquired a 5% stake in Nintendo in May for $3 billion, making the fund Nintendo’s fifth largest shareholder.

On Tuesday, Nintendo announced a joint venture with mobile gaming company and “Animal Crossing” co-developer DeNA.

The venture will establish a new company — Nintendo Systems Co., Ltd. — that will launch in April 2023 and work to “strengthen the digitalization of Nintendo’s business.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Trump Push to End Quarterly Earnings Has Major Sports Ramifications

U.S. President Trump proposes moving to semi-annual reporting for public companies.

Sling TV’s Day Passes Spark Another Sports-Centric Legal Battle

The disruptive programming options generate a second lawsuit in as many weeks.
Aug 23, 2025; New Orleans, Louisiana, USA; Detailed view of the Denver Broncos helmet against the New Orleans Saints during warmups at Caesars Superdome.

Broncos Eye 2031 Opening for New Multibillion-Dollar Stadium

The NFL team plans a new venue and mixed-use development.
April 27, 2025; Anfield, Liverpool, BRITAIN; Liverpool player Mohamed Salah scores the fourth goal against the Tottenham Hotspur in a Premier League match.

Tottenham Hotspur ‘Not for Sale’ Amid Takeover Interest

Two groups made offers in just the last week.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.