Nintendo Hikes Switch Forecast as Hardware Release Expectations Rise 

This photo taken on January 12, 2024 shows a young customer looking at a display for Super Mario by the Japanese gaming company Nintendo, at an electronics store in Tokyo. (AFP)
This photo taken on January 12, 2024 shows a young customer looking at a display for Super Mario by the Japanese gaming company Nintendo, at an electronics store in Tokyo. (AFP)
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Nintendo Hikes Switch Forecast as Hardware Release Expectations Rise 

This photo taken on January 12, 2024 shows a young customer looking at a display for Super Mario by the Japanese gaming company Nintendo, at an electronics store in Tokyo. (AFP)
This photo taken on January 12, 2024 shows a young customer looking at a display for Super Mario by the Japanese gaming company Nintendo, at an electronics store in Tokyo. (AFP)

Nintendo on Tuesday raised its full-year Switch sales forecast to 15.5 million units from 15 million units previously, as the company squeezed sales out of the aging console over the year-end shopping season.

With the hybrid home-portable Switch nearing its eighth year on the market, expectations are rising that Nintendo will release new hardware this year.

"We want to maintain the momentum of the Switch business," Nintendo President Shuntaro Furukawa told an earnings briefing.

The Kyoto-based gaming company sold 13.74 million Switch units in the first nine months of the financial year, an 8% decline on the same period a year earlier.

The lifecycle of the Switch has been extended by a string of hits such as "The Legend of Zelda: Tears of the Kingdom", which launched last May, and "Super Mario Bros. Wonder", which went on sale in October and has sold more than 10 million units.

The Switch, whose iterations include the handheld only Switch Lite and a version with an OLED display, followed the poorly performing Wii U and has total sales second only to the Nintendo DS handheld after passing the Wii.

Nintendo shares closed down 0.5% ahead of earnings and have gained 14% year-to-date.



Netanyahu, Musk Hold Talks after Congressional Address

Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
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Netanyahu, Musk Hold Talks after Congressional Address

Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights

Israeli Prime Minister Benjamin Netanyahu said on Thursday he met with Tesla CEO Elon Musk in Washington on Wednesday after his address to the US Congress.

"We discussed the opportunities and challenges in AI, its impact on the economy and society, and explored ways for technological cooperation with Israel," Netanyahu said in a post on X.