Nintendo Switch.
Nintendo Switch.
Categories

Nintendo slightly misses earnings and Switch sales forecasts, won’t introduce new console

  • Posted byby Dean Takahashi
  • Updated
  • 1 min

Nintendo spread a little disappointment with its latest earnings post for the fiscal year ended March 31, 2019. The company’s earnings fell slightly below analyst estimates and, reversing expectations from earlier reports, the company will not launch a new Switch game console at the Electronic Entertainment Expo (E3) trade show in June.

Operating profit for the three months ended March 31 was $266 million (29.7 billion yen), below the $321 million that analysts expected. For the full fiscal year end March 31, 2020, Nintendo said it expects operating profit of $2.32 billion, compared with estimates from analysts of $3.13 billion.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.