Nintendo Switch sales hit nearly 37 million, but company's profits are down

CNET | 7/30/2019 | Sean Keane
Click For Photo: https://cnet4.cbsistatic.com/img/mrTBaWOE8nS12BVeuQTzgRJnxpM=/756x567/2019/03/20/a7aaf476-ed79-4f4a-a616-97654c406807/cuphead-nintendo-switch.png

Nintendo Switch sold 36.87 million units by the end of June.

Even though the Nintendo Switch hit 36.87 million units sold by the end of June, Nintendo on Tuesday reported a 10% decline in its quarterly profits. Despite revenue of 172 billion yen ($1.6 billion), the Japanese company said "foreign exchange losses of 12 billion yen and other factors" resulted in 16.6 billion yen profit for the quarter.

Quarter - Year - Nintendo - Operating - Profit

In the same quarter last year, Nintendo's operating profit was 30.5 billion yen, and its revenue was 168 billion yen, so its profit fell 45.7% year over year.

However,...
(Excerpt) Read more at: CNET
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