Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion) on Tuesday, as sales of its ageing Switch console lost steam.

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch. Nintendo reduced by 7% its estimate of Nintendo Switch sales, to 12.5 million units, as it also lowered its software ...