Nintendo sales and profit plummet in Q1 as gamers await next console

Weak yen helps sales in Japan as foreign tourists buy the aging Switch

The Nintendo Switch in July became the company's longest-selling flagship gaming console. (Photo by Kohnosuke Urata)

CHIHIRO ISHIKAWA, Nikkei staff writer

August 2, 2024 18:02 JST

TOKYO -- Nintendo on Friday posted its net profit for the April-June quarter at roughly half what it was a year earlier as consumers put off console purchases on expectations that the gaming giant is months away from announcing its next-generation machine.