Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion) on Tuesday, as sales of its ageing Switch console lost steam.

If the Nintendo Switch 2 has plans to launch next year, it will face some big competition, but there may be a way for it to make a name for itself.

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Nintendo Co. slashed its full-year outlook after reporting its fifth straight quarter of profit declines on flagging demand for its Switch console.

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year