Nintendo sees Switch sales fall in first quarter

Demand for hit console may be fading in its fifth year on the market

Japan's Nintendo 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 per cent fall in operating profit to 119.8 billion yen (€1.17 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. – Reuters