Nintendo’s Q1 operating profit fell by 70.6% year-on-year, down to ¥54.5 billion ($376.3 million) during the start of its fiscal year.
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Geek Alliance LLCIn the same period, sales declined by 46.5% year-on-year to ¥246.6 billion ($1.7 billion) with ¥229 billion ($1.6 billion) of that total coming from Nintendo’s video games business – also down by a near-identical 46.4%. … [MORE]
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2 Comments
Wow, a 70.6% drop in profits is pretty shocking. It feels like the Switch hype has really fizzled out. I mean, it was such a massive hit for years, but now it seems like everyone’s moved on to other consoles or just waiting for the next big thing. Plus, with fewer major game releases lately, it makes sense that sales would take a hit. Hopefully, Nintendo has something exciting up their sleeves to turn things around. They’ve got such a strong lineup of IPs; it would be a bummer to see them struggle like this. Fingers crossed they can bounce back!
Wow, a 70.6% drop in profits is pretty wild. Nintendo’s been riding high on the Switch for a while, but it seems like the hype is fading. With sales down almost 47%, it’s clear that gamers are either holding out for something new or just not as into what’s out there right now. It’s a bummer because they’ve got some iconic franchises, but maybe they need to shake things up a bit. A fresh console or some major game releases could definitely help turn things around. Fingers crossed they find a way to bounce back!