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Joemel
2021-11-04

Nintendo cuts full-year Switch sales forecast to 24 million units

TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday cut its Switch sales forecast to 24 million un

Nintendo cuts full-year Switch sales forecast to 24 million units

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However, some observers worry that many buyers are likely upgraders rather than new customers, diminishing the potential bounce for software sales.\n\"Our main concern is still a lackluster game pipeline combined with a sharply declining tie-ratio that is likely to drive earnings lower,\" Jefferies analyst Atul Goyal, who has downgraded Nintendo to underperform, wrote ahead of earnings.\nTie-ratio is a closely watched indicator that refers to the amount of software bought by hardware owners.\nHowever, most analysts remain bullish, with 11 of 18 analysts having a \"strong buy\" or \"buy\" rating on the stock, according to Refinitiv data.\nNintendo shares have declined by around 25% this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":711,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Nintendo cuts full-year Switch sales forecast to 24 million units

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