Nintendo lowers fiscal forecast with declining Switch hardware and software

Nintendo lowered its financial forecast for the current fiscal year after Switch hardware and software sales took a hit. As noted in the the company's tax report for the six months ended September 30, 2024, hardware sales fell 31% year-over-year to 4.72 million units. In the same period, software sales fell 27.6% to 70.28 million … Read more

The survey states that half of developers believe the virtual reality market is declining or stagnant

The Game Developer Collective recently conducted a survey on virtual reality gaming. Of those surveyed, 56% believe the market is “currently declining or stagnant.” 38% believe in the second, 18% in the first. In contrast, 23% believe the market is growing modestly over time. As with consoles, the price of VR headsets represents a significant … Read more

PlayStation 5 hardware sales are declining

PlayStation 5 hardware sales reached 2.4 million units in the first quarter of fiscal 2024, down from 3.3 million units in the first quarter of fiscal 2023. According to Sony's latest fiscal reportThis decline in hardware sales was offset by an increase in proprietary software sales. Net sales in the company's Game & Network Services … Read more