Nintendo sees Switch sales fall in first quarter

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

Photograph: iStock

Photograph: iStock

 

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