TOKYO :Japan's Nintendo Co Ltd said on Thursday sales of its Switch console fell 22per cent in the first quarter as demand for the hit device fades in its fifth year on the market.
Nintendo saw sales of Switch Lite units more than halve to 1.14 million during the April-June quarter but maintained its full-year forecast for Switch hardware at 25.5 million units. It sold 4.45 million Switch consoles, including the Lite, during the quarter. In contrast, Sony Corp said on Wednesday sales of its new PlayStation 5 were robust, helping it post a record profit during the quarter.
Kyoto-based Nintendo is hoping to revive Switch sales momentum with a new US$349.99 Switch OLED model launching on Oct. 8. It is also relying on a pipeline of popular games including"WarioWare: Get It Together" and remakes of Pokemon titles to boost earnings.
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