Nintendo Switch Sputtering Less Than Two Years After Debut
- Console shipments forecast cut to 17 million from 20 million
- Price cuts seen as necessary to re-ignite demand for Switch
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Nintendo Co. cut its outlook for annual Switch shipments, the strongest sign yet that the hybrid console is struggling to attract a wider swath of users and become a worthy successor to the Wii.
Shares of Nintendo fell as much as 6.9 percent after it forecast 17 million Switch shipments for the fiscal year through March, compared with its prior outlook for 20 million units and analysts’ average prediction for 18 million. The revision comes even as the Kyoto-based company reported better-than-projected profit during the December holiday shopping quarter.