-
Eighth day of wildfires in Indonesian national park
-
Chinese AI drives price competition among US labs
-
One woman confirmed dead in western Canada wildfire
-
Indian students step up exam protests in Jharkhand
-
Energy transition threatens to wipe Dutch village from map
-
Stopped broadcast, layoffs: Hungary media eyes post-Orban renewal
-
Self-taught Turkish 'linguist' keeps dead language alive
-
Typhoon Dolphin weakens but disrupts travel in east China
-
Asian stocks track Wall St higher after US job losses ease rate fears
-
Pakistan brickmakers scorched by sun above and fire below
-
Western Europe experienced hottest June-July on record: EU monitor
-
Ithaca bets on hometown hero Odysseus for tourism boom
-
Shelton sweeps Fonseca to reach Montreal quarter-final
-
Five things to know about Zambia ahead of the presidential vote
-
Who are the main contenders in Zambia's presidential vote?
-
Zambia vote to test Hichilema's economic record
-
Rybakina survives scare as Gauff, Osaka race into Toronto quarters
-
Meta will soon face another high-stakes trial in US
-
Thirty years on, a trial finally opens in Tupac Shakur's killing
-
Syria says reached deal with Moscow on fate of Russian bases
-
Shelton sweeps Fonseca to reach another Montreal quarter-final
-
Netanyahu rejects Gaza plan in new break from Trump
-
Brennan captures Wyndham crown for second PGA win
-
Kurdish PKK criticises Turkey bill on fate of its fighters
-
Rybakina, Gauff advance to Toronto quarter-finals
-
Clay-courter Merida on hardcourt learning curve in Montreal
-
Rahm three-peats as LIV Golf season champ while Niemann wins at New York
-
NBA champion player and historic coach Nelson dead at 86
-
Vollering wins Tour de France Femmes after war of nerves
-
BMW iX3 Flow Edition brings animated bodywork closer to reality
-
BMW’s next chapter accelerates with New Class rollout
-
Arteta backs Guimaraes to 'ignite something different' at Arsenal
-
Five dead in new Russia, Ukraine strikes
-
Como sign England defender Chalobah from Chelsea
-
PSG sign France full-back Digne from Villa
-
Demi Vollering wins Tour de France Femmes
-
Sinner withdraws from Cincinnati Open with knee injury
-
Iraola's first Anfield match as Liverpool manager ends in Monaco defeat
-
Fernandez's 'perfect' race earns him British MotoGP Grand Prix win
-
Bodies hanging from bridge revive violence in once-calm town in Mexico
-
Iran Guards say won't reopen Hormuz without US meeting Tehran's demands
-
Lionel Messi bids farewell to father who guided his glittering career
-
Hogh's hat-trick inspires Celtic to 5-1 victory over Kilmarnock
-
Raul Fernandez wins British MotoGP Grand Prix
-
London grants first licences for supervised Uber robotaxis
-
Tesla FSD secrecy puts Europe’s safety oversight under scrutiny
-
Erasmus hopeful Kolisi hamstring injury not 'too bad'
-
Mercedes-AMG GT 53 balances speed, range and daily usability
-
Luxury car buyers trade prestige for mainstream value
-
Lion queen Werro focused on Euro medal, not 800m world record
Nintendo forecasts 15 million Switch 2 sales in 2025-26
Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line.
The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5.
While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say.
However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists.
The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017.
For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2.
Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings.
"Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said.
The company last month revealed details about the Switch 2, a hybrid console like its predecessor.
However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99.
A Japanese-only version for domestic consumers will cost 49,980 yen ($350).
Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies.
But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console.
Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2.
Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said.
"GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note.
O.Lorenz--BTB