Home > Gaming > Console > Nintendo Profit Slips 10%

Japanese gaming giant Nintendo posted a 10% fall in quarterly profit on market expectations of a rise in costs, but with stronger sales of its hybrid home-portable Switch console.

Operating profit for the three months through June was 27.4 billion yen (A$366.14 million).

The company said it sold 2.1 million Switch consoles in the quarter, bringing the total installed base to 36.9 million units. It maintained its full-year sales forecast of 18 million units for the year ending March.

In a bid to offset dwindling sales of its ageing 3DS handheld console, Nintendo will soon launch a Switch Lite device, which cuts unit costs by dropping the Switch’s TV dock and detachable controllers.

It will retail in the USA at US$199.99, compared with the Switch’s price of $299.99.

You may also like
Nintendo’s Next Zelda Game Coming 2022
No New Switch At E3?
New Switch Could Hit Shelves In September
Nintendo Blames Suez Canal Blockage For Switch Shortages
Intel’s First Discrete Graphics Card For Gaming Is Coming Soon