\n
“The Nintendo Switch had a fantastic run but definitely passed its peak,” Serkan Toto, CEO of Tokyo-based games consultancy Kantan Games, told CNBC. <\/p>\n
“Based on the forecast for the new fiscal (year), I would not expect any miracles but rather a company running on auto-pilot and fulfilling its duty towards existing Switch users. Every console cycle comes to an end eventually, and Nintendo, too, now needs a new piece of hardware to revitalize its sales.”<\/p>\n
The key for Nintendo now is how it continues to rake in revenue from its 114 million annual paying users. The gaming giant has a strong range of games and recognizable characters from Pokemon to Mario. <\/p>\n
However, Nintendo said software sales totaled 213.96 million units for the year ended Mar. 31, down 9% year-on-year.<\/p>\n
Nintendo is set to release The Legend of Zelda: Tears of the Kingdom on Friday, one of its most popular franchises. <\/p>\n
The company forecasts software sales of 180 million units in the current fiscal year, marking expectations of a further decline.<\/p>\n
Nintendo said it expects net profit to fall 21.4% to 340 billion yen in the year ended Mar. 2024.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series. Charly Triballeau | AFP | Getty Images Nintendo reported a fall in profit and revenue in its fiscal year driven by a drop in sales of its flagship Switch console. For its full …<\/p>\n","protected":false},"author":1,"featured_media":22886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/22885"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=22885"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/22885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/22886"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=22885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=22885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=22885"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=22885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}