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Nintendo profit falls 55% as sales of its ageing Switch console plunge

Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.

Here's how Nintendo did in its fiscal first quarter ended June 30. versus LSEG estimates:

Revenue: 246.6 billion Japanese yen ($1.65 billion) versus 289.61 billion yen expected.
Net profit: 80.9 billion Japanese yen versus 70.73 billion yen expected.

Net sales lost 46.5% year-on-year, while net profit fell 55.3%.

Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year.

Primeiro semestre da Nintendo é o mais fraco. Eles superaram a expectativa de lucros (esperavam 70bi yen e foi 80bi) e mantiveram a expectativa de consoles vendidos no ano fiscal (13.5mi).