Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60 per cent in the first half of the fiscal year.
Kyoto-based Nintendo Co. reported a 108.7 billion yen profit for the April-September period, as sales slipped 34 per cent from the previous year to 523 billion yen .franchise, said Tuesday that its profit fell 60 per cent in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.
More than 74 per cent of its sales revenue came from overseas, according to Nintendo, which didn’t break down quarterly numbers. But Nintendo said in a statement that Switch sales were still growing and vowed to stick to its goal of selling a Switch console to each and every individual, not just one Switch per every household.Nintendo stuck to its earlier projection for a 300 billion yen profit for the full fiscal year through March 2025, down nearly 29 per cent from the previous fiscal year.Get weekly money news
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