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.