Nintendo fiscal year sales drop 30% ahead of Switch 2 launch

Nintendo reported a challenging fiscal year with weaker global sales, but remains optimistic about its Switch 2, a new hybrid console set to launch this summer. Despite a significant drop in net profit, Nintendo expects strong demand for both hardware and software under its first-party slate, including anticipated major titles. The company's dedicated platform division saw a notable decline, while mobile and cross-media income also suffered, though foreign exchange rates contributed to some growth. Switch 2's release is expected to drive significant revenue increases in the coming year.