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Nintendo Q1 profit falls as Switch sales fade

Reuters2021-08-05

TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday said it sold 4.45 million units of its Switch console in the April-June quarter, down from 5.7 million a year earlier, in a sign that demand for the hit device may be fading in its fifth year on the market.

The company posted a 17% fall in operating profit to 119.8 billion yen ($1.09 billion), missing the 129.3 billion forecast by nine analysts, Refinitiv Eikon data showed.

The game console maker stuck with its full-year profit forecast of 500 billion yen, lower than an average prediction for 623.5 billion yen from 19 analysts according to Refinitiv.

($1 = 109.6200 yen)

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Comment5

  • Surajk
    ·2021-08-05
    Nice
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  • Nurol
    ·2021-08-05
    Informative 
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  • madelinewan
    ·2021-08-05
    Pls like
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  • Xann
    ·2021-08-05
    Like and comment pls
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    • x24
      Ok
      2021-08-05
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  • WarisHeng
    ·2021-08-05
    Ok
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