Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year. — Picture courtesy of Nintendo via AFP
Competition in the industry is expected to grow tougher this year as Sony prepares to launch its next-generation PlayStation 5 for the Christmas season, and with upcoming 5G mobile phones expected to offer more sophisticated gaming.“Other companies’ business moves will not have a special impact on our business,” he said.
After the stock market closed yesterday, the company reported a leap in sales and profit for the nine months to December, upgrading its full-year profit forecast on strong demand for Switch consoles.“Its earnings were not bad but market expectations had been higher,” said Makoto Sengoku, market analyst at Tokai Tokyo Research Institute.
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