Nintendo reports trailing profit as sales of aging Switch game console slide

FILE - A traveler walks past an advertisement featuring a
Nintendo character at Narita airport in Narita near Tokyo,
on June 10, 2022. (AP Photo/Shuji Kajiyama, File)

TOKYO (AP) — Japanese video game maker Nintendo reported Friday a 55% 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).

Nintendo did not release any new information about a promised Switch successor. Earlier this year, its president, Shuntaro Furukawa, said an announcement will be made before April 2025.

By Yuri Kageyama.

Full story at Yahoo News.