Nintendo profit falls as Switch sales fade

A screen displaying the characters from the Animal Crossing series video game at a Nintendo store in Tokyo. - AFP

TOKYO: Japan's Nintendo Co Ltd said on Thursday that sales of its Switch console fell 12% in the April-June quarter, in a sign that demand for the hit device may be fading in its fifth year on the market.

Investors are watching gaming firms closely for signs of a tail off in the sales boom during the COVID-19 pandemic. Nintendo is highly dependent on the cyclical console business, with devices traditionally peaking around the fifth year.