Nintendo reports trailing profit as sales of aging Switch game console slide
4 months, 3 weeks ago

Nintendo reports trailing profit as sales of aging Switch game console slide

Associated Press  

TOKYO — Japanese video game maker Nintendo reported Friday a 55% drop in profit in the April-June quarter as sales slipped in both machines and game software compared to last year. Profit at Nintendo Co., owner of the Super Mario and Pokemon franchises, totaled 80.95 billion yen in the last quarter, down from 181 billion yen a year earlier. Software sales declined 41%, despite million-seller games including a take on the Super Mario series called “Paper Mario,” and a new Luigi game. Nintendo said the declines in sales and profit reflected especially strong results last year, when they got a powerful boost from a Super Mario Brothers movie.

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