Nintendo quarterly profit is down 10% on poor sales of Switch
The gaming company will soon launch its Switch Lite, which cuts unit costs, and plans to expand via a partnership with China’s Tencent
30 July 2019 - 12:09
Tokyo — Japanese gaming company Nintendo reported a 10% decline in quarterly profit on Tuesday, far wide of market expectations, as a rise in costs dulled stronger sales of its hybrid home-portable Switch console.
Operating profit for the three months through June was ¥27.4bn ($252.26m), compared to the ¥40bn average of 10 analyst estimates compiled by Refinitiv...
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