Nintendo this week announced its latest financial results and despite a strong presence of the Nintendo Switch and its games, the company made less money than anticipated, mainly due to market fluctuations and the depreciation of the yen.
Nintendo’s slump in sales and profits has surprised analysts, who look at the Switch as a console that has already passed its peak sales and is rapidly heading towards the end of its lifecycle. Faster than they imagined.
Nintendo also lowered the number of Switch consoles it expects to sell this fiscal year from 19 million to 18 million, down from 23 million units a year earlier and 28.8 million units sold in fiscal 2021. , this trajectory indicates that the Switch is now in the downward phase of its life and towards the end.