It’s unusual for game companies to lower their guidance before the all-important year-end shopping season.
Nintendo slashed its full-year outlook after reporting its fifth straight quarter of profit declines on flagging demand for its Switch console.
The Kyoto-based company cut its operating profit outlook by 10% to JPY360 billion ($3.12 billion) and said it now expects to sell only 12.5 million units of the Switch this fiscal year, versus a previously forecast 13.5 million units.
