Nintendo has kept players interested in its aging line of Switch consoles with key games featuring characters like “Super Mario” and “Zelda.”
Charlie Triballo | AFP | Getty Images
Nintendo The company’s revenue and profit fell sharply in the fiscal first quarter as sales of its aging Switch console fell.
Here’s a look at Nintendo’s performance for the fiscal first quarter ending June 30, compared to London Stock Exchange Group’s forecasts:
- income: 246.6 billion yen ($1.65 billion), compared with expectations of 289.61 billion yen.
- net income: 80.9 billion yen, expected to be 70.73 billion yen.
Net sales decreased by 46.5% compared with the same period last year, and net profit decreased by 55.3% year-on-year.
Sales of Nintendo’s flagship Switch game console were 2.1 million units, a year-on-year decrease of 46%.
Investors are paying attention to news about the successor to Nintendo’s outdated but highly successful Nintendo Switch console. The company has previously said that the next-generation device will be released in the current fiscal year ending in March 2025.
Nintendo has also previously stated that it expects sales of existing Switch console models to reach 13.5 million units during this period.
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