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Media & Entertainment

Nintendo operating profit drops 15% on Switch sales decline

Net profit jumps 28% boosted by weak yen for April-June quarter

Nintendo sold 3.43 million Switch consoles in the April-June quarter, down from 4.45 million units in the same period last year.   © Reuters

TOKYO -- Nintendo on Wednesday reported an operating profit of 101 billion yen ($760 million) for the three months through June, down 15% from a year earlier, as sales of its flagship Switch consoles dropped.

But net profit rose 28% to 118 billion yen thanks to the weak Japanese yen. Overseas markets account for nearly 80% of the game company's total sales. The total exchange gains during the quarter reached 51 billion yen.

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