Nintendo Q1 profit falls as Switch sales go down to 4.45 million units

Reuters / Updated: Aug 5, 2021, 05:08PM IST

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Nintendo Q1 profit falls as Switch sales go down to 445 million units

Japan's Nintendo Co Ltd 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% fall in operating profit to 119.8 billion yen ($1.09 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.

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