Tag Archives: first-quarter
Nintendo first-quarter net profit sinks as Switch sales slow
Top Stories Tamfitronics Players and investors are hungry for news about a Switch successor - Copyright AFP Richard A. BrooksNintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console’s successor.The Japanese video game giant left its downbeat annual net profit forecast unchanged, even as the relative weakness of the yen continues to boost its earnings.“During the first quarter of the previous fiscal year, unit sales of both hardware and software were extremely high for a first quarter,” Nintendo said.A year ago, the huge success of the “Super Mario Bros” film and the release of “Legend of Zelda: Tears of the Kingdom” — the fastest-selling game in the history of the nearly four-decade old Zelda franchise — helped energise...
