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Nintendo Q1 profit falls as Switch sales fade

Nintendo Q1 profit falls as Switch sales fade
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Nintendo sees Switch sales peaking this business year

Nintendo forecasts decline in Switch sales, warns of chip uncertainty
Reuters
2 hrs ago
By Sam Nussey
TOKYO (Reuters) -Japan s Nintendo Co Ltd on Thursday forecast annual Switch console sales to fall 11.5%, in what would be the first decline for the five-year-old device after riding a pandemic-induced boom in home gaming.
The Kyoto-based firm expects to sell 25.5 million units in the business year that started April 1. That would compare with 28.8 million a year earlier after booking an 82% rise in operating profit at 640.6 billion yen ($5.9 billion).
In announcing the figures, Nintendo President Shuntaro Furukawa also said a shortage of chips, which has affected electronics makers worldwide, was affecting production and adding to uncertainty. ....

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Nintendo forecasts decline in Switch sales, warns of chip uncertainty

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Nintendo expects to sell 25.5 mln Switch consoles this business year

By Reuters Staff
1 Min Read
TOKYO, May 6 (Reuters) - Japan’s Nintendo Co Ltd on Thursday forecast Switch console sales to reach 25.5 million units in the financial year that started April 1, signalling expectations of the hit device peaking.
Nintendo sold 28.8 million Switch consoles in the year ended March 31. That compared with the 26.5 million that the games maker forecast in February.
Reporting by Sam Nussey; Editing by Christopher Cushing ....

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Nintendo upgrades full-year forecast for Switch sales to 26.5 million units

<div class="at-above-post addthis tool" data-url="https://www.metro.us/nintendo-hikes-switch-sales/"></div>TOKYO (Reuters) – Japan’s Nintendo Co Ltd on Monday hiked its full-year forecast for Switch games console sales to 26.5 million from 24 million previously after a bumper end to 2020, buoyed by a home entertainment boom amid the COVID-19 pandemic. The Kyoto-based firm said it sold 24.1 million hardware units in the first nine […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/nintendo-hikes-switch-sales/"></div><! Ad ....

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