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| Nintendo forecasts 15 million Switch 2 sales in 2025-26 |
 Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line.
The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists. The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017. For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings. "Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said. The company last month revealed details about the Switch 2, a hybrid console like its predecessor. However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99. A Japanese-only version for domestic consumers will cost 49,980 yen ($350). Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies. But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console. Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2. Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said. "GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note. |
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London-bound plane with 242 on board crashes into doctors' housing in India A London-bound passenger plane crashed in the Indian city of Ahmedabad on Thursday and all 242 people on board were believed killed, with the jet smashing into buildings housing doctors and their families. Air India said there were 169 Indian passengers, 53 British, seven Portuguese, and a Canadian on board the flight bound for London |
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ArcelorMittal inaugurates world-class iron ore concentrator By Stephen G Fellajuah Yekepa, Nimba County, June 6, 2025: ArcelorMittal Liberia has commissioned the country’s first-ever world-class iron ore concentrator plant, marking a major milestone in the company’s Phase II expansion and a transformative step for Liberia’s mining sector. The inauguration ceremony took place on Thursday, June 5, 2025, in Tokadeh, Nimba County. It …The post ArcelorMittal inaugurates world-class iron ore concentrator appeared first on Liberia |
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Liberia launches Health Insurance Policy for Vulnerable Citizens In a move to expand healthcare access across Liberia, the Government has officially launched the country’s first health insurance policy for vulnerable citizens. By Kruah Thompson Monrovia, June 6, 2025: The policy, a pilot project, was unveiled at the Ministry of Information, Cultural Affairs, and Tourism’s (MICAT) weekly press briefing on Thursday, June 5, 2025. …The post Liberia launches Health Insurance Policy for Vulnerable Citizens appeared first on Liberia news |
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Boakai suspends import Tariff on Rice Executive Mansion, Monrovia, June 6 – President Joseph Boakai has issued an Executive Order suspending import tariffs on rice. Capitol Hill, June 6, 2025: A release from the Executive Mansion says the move is to ease the economic burden on Liberians and stabilize the price of rice. The Mansion in its release said, “Recognizing the …The post Boakai suspends import Tariff on Rice appeared first on Liberia news The New Dawn Liberia, premier resource for latest |
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Africa is losing $40b a year to illicit financial flows in the extractive sector Mr. Antonio Pedro, the Deputy Executive Secretary of the Economic Commission for Africa (ECA), has said that Africa is experiencing significant losses, estimated at around $40 billion annually, due to illicit financial flows (IFFs) in the extractive sector.The post Africa is losing $40b a year to illicit financial flows in the extractive sector appeared first on Ghana Business |
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Cedi appreciation will reflect on prices of goods and services overtime – stakeholders Representatives of traders and captains of industry have justified the slow pace in reduction of goods and services despite the relative stability of the cedi against the United States dollar and other major foreign currencies on the interbank trade market. The post Cedi appreciation will reflect on prices of goods and services overtime – stakeholders appeared first on Ghana Business |