TOKYO -- Nintendo suffered a 13% drop in its first quarter net profit as software sales undershot those of a year earlier and pandemic-driven demand dwindled for its Switch gaming console.
The Japanese gaming giant on Thursday reported a net profit of 92 billion yen ($845 million) for the April-June period. Operating profit also decreased, by 17% to 119 billion yen from a year earlier on the back of a 10% fall in revenue, to 322 billion yen.
