Highly-acclaimed Japanese video game company Nintendo Co. Ltd stated on Tuesday that its operating profit fell by 10% during the three months up to June, falling way below market expectations, even though the company’s Switch console experienced a rise in sales.
The company’s operating profit for the first quarter was €226.3 million, which falls below the expected €330.3 million average that ten analysts had forecasted.
Nintendo claimed that it sold around 2.1 million Switch consoles during the period, which brought the total of Nintendo Switch consoles purchased to 36.9 million units. After a huge reception when the console came out back in 2017, the Nintendo Switch’s sales dropped and gradually got lower, but it experienced a surge in unit sales over the start of 2019.
The company managed to fulfil its full-year forecast of 18 million units for the year ending in March.
The publication of results comes just a day after its was found that the Nintendo Switch can now run Android, the world’s most popular mobile platform. Whilst it is now able to run the operating system in a flawless manner, it is still an interesting development, especially considering that Nvidia had tried to compete with Nintendo through the release of a handheld Android game console around six years ago.
Nintendo was formed back in 1889, and since then it has become one of the largest video game companies in the world, famous for the creation of top-selling video game franchises, such as Super Mario and Pokémon. To this day, Nintendo is one of the most influential companies in the video game industry.