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While the Nintendo switch has mostly remained a popular video game system despite several years of being on the market (it was launched in 2017), there’s no doubt that it’s starting to show its age – in fact, new sales figures from Nintendo show a surprising decline in the Switch’s recent market performance.
According to new data, the company’s overall financial performance dropped during the first quarter of the fiscal year, following a sharp decline of Switch sales. Nintendo reported a 71% drop in operating profit to ¥54.5 billion ($365 million), with Switch sales falling nearly 50% to just 2.1 million units during the April-June period.
The company’s mobile and intellectual property division also felt a significant downturn with revenue plummeting 54% compared to the previous year. While Nintendo did maintain its full-year sales forecast of 13.5 million units, the company has already announced plans to unveil the highly-anticipated “Switch 2” before the end of the current fiscal year.
A couple of months ago, the Switch surpassed the Nintendo DS’ 32,864,129 units sold, overtaking the once super-popular handheld in its home country.
Source: Reuters
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