Diamond Member Pelican Press 0 Posted August 2, 2024 Diamond Member Share Posted August 2, 2024 This is the hidden content, please Sign In or Sign Up Nintendo profit plunges 55% as sales of its ageing Switch console fall Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo revenue and profit plunged in the company’s fiscal first quarter, as sales of the ageing Switch console decline. Here’s how Nintendo did in its fiscal first quarter ended June 30. versus LSEG estimates: Revenue: 246.6 billion ********* yen ($1.65 billion) versus 289.61 billion yen expected. Net profit: 80.9 billion ********* yen versus 70.73 billion yen expected. Net sales lost 46.5% year-on-year, while net profit fell 55.3%. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding a successor to Nintendo’s ageing but highly successful Nintendo Switch console. The company has previously said that the next-in-line device will be announced in the current fiscal year, which ends in March 2025. Nintendo also previously said that it expects to sell 13.5 million units of the existing Switch console model in this *******. This is the hidden content, please Sign In or Sign Up #Nintendo #profit #plunges #sales #ageing #Switch #console #fall This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/85517-nintendo-profit-plunges-55-as-sales-of-its-ageing-switch-console-fall/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.