Nintendo reports slump in quarterly sales for its flagship Switch console
3 years, 4 months ago

Nintendo reports slump in quarterly sales for its flagship Switch console

The Hindu  

Japan's Nintendo Co Ltd said on Thursday sales of its Switch console fell 22% in the first quarter as demand for the hit device fades in its fifth year on the market. Nintendo saw sales of Switch Lite units more than halve to 1.14 million during the April-June quarter but maintained its full-year forecast for Switch hardware at 25.5 million units. The creator of Super Mario and Animal Crossing said first-quarter operating profit fell 17% to 119.8 billion yen, falling short of a Refinitiv consensus estimate of 129.3 billion yen. Kyoto-based Nintendo is hoping to revive Switch sales momentum with a new $349.99 Switch OLED model launching on Oct 8.

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