Nintendo reports trailing profit

Nintendo reports trailing profit

Japanese video game maker Nintendo reports on Aug. 2, 2024 a 55 percent drop in profit in the April-June quarter as sales slipped in both machines and game software compared to last year. Game machine sales tend to trail off after they hit the market. The Nintendo Switch is in its eighth year after sales began, with more than 140 million already sold. Profit at Nintendo Co., owner of the Super Mario and Pokemon franchises, totaled 80.95 billion yen ($543 million) in the last quarter, down from 181 billion yen a year earlier. Quarterly sales declined 46.5% to 246.6 billion yen ($1.7 billion).

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