Nintendo reports lower profits as demand drops for its aging Switch console

AP Business Writer

TOKYO (AP) — Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale. Kyoto-based Nintendo reported Tuesday a 108.7 billion yen, or $715 million, profit for April-September, as sales slipped 34% from the previous year. More than 74% of its revenue came from overseas, according to Nintendo. Global Switch sales dropped to 4.7 million machines from 6.8 million units. Nintendo says its goal is still to sell a Switch to every individual, not just every household.