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JAPAN GAME MAKER NINTENDO REPORTS LOWER PROFIT AS DEMAND FOR SWITCH CONSOLES WANES
AppleMagazine
|AppleMagazine #693
Nintendo's profits tumbled as sales of its Switch console lost momentum, prompting the Japanese video-game maker to lower its full-year forecasts.
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Kyoto-based Nintendo Co., which created the Super Mario franchise, reported an April-December profit of 237 billion yen ($1.5 billion), down 42% from the same period the previous year.
Nine-month sales dropped 31% to 956 billion yen ($6 billion), according to Nintendo, which did not break down quarterly results. 
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