Reported 20 days ago
Nintendo reported a staggering 60% drop in profits for the first half of the fiscal year, attributing it to declining demand for its aging Switch console, which has been on the market for eight years. The company's profit for the April-September period was 108.7 billion yen ($715 million), amid a 34% decrease in sales revenue. Global sales of the Switch fell to 4.7 million units, a significant drop from the previous year's figures. Despite this, Nintendo remains committed to its sales goals and plans for the future, even as it adjusts projections for sales and profits.
Source: YAHOO