Nintendo profit falls 55% as sales of its aging Switch console plunge

On Friday, Nintendo filed its fiscal first-quarter results with a headline 55% decline in profit, while revenue figures also plunged. 

The Japanese corporation also reported a net sales loss of 46.5% year-on-year, as the renowned Switch device appears firmly on the decline as it passes 143 million units sold. 

Back in May, Nintendo reported it had sold 141.32 million Switch consoles, followed up by 2.1 million items shipped from April to June. That means a 46.3% reverse, based on the sales for the same period last year.