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Nintendo, the Japanese gaming giant, has reported a significant decline in sales of its aging Switch console during the April-June first quarter, with profit also falling far short of estimates.
The company sold just 2.1 million Switch units, but maintained its full-year sales forecast of 13.5 million units.
Nintendo plans to make an announcement about a successor device in the current financial year.
The company's operating profit tumbled 71% to 54.5 billion yen, more than a third below analysts' expectations.
Its mobile and intellectual property-related division also had a weak showing, with revenue sliding 54% from the same period a year earlier.
The games industry is facing rising costs and weak pricing power, with Sony-owned developer Bungie announcing it is cutting almost a fifth of its workforce.
