Nintendo is riding a wave of momentum after launching its latest console called the Switch 2.
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Nintendo
raised its forecast for sales of the Switch 2 console in its current fiscal year as momentum for its new flagship console grows.
The Japanese gaming giant said it now expects to sell 19 million units of the Switch in the fiscal year ending March 2026 versus a previous forecast of 15 million units.
Here’s how Nintendo did in its fiscal second quarter ended Sept. 30 versus LSEG estimates:
Investors are weighing the impact of rising memory prices and the strength of Nintendo’s games pipeline ahead of the Switch 2.
Nintendo shares have rallied roughly 40% so far this year on excitement about the firm's new Switch 2 hybrid console.
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Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price…
