Heard on the Street: Nintendo’s Switch is one of the bestselling videogame consoles ever, but it has begun to show its age
. That puts the home and hand-held console ahead of Wii, its previous runaway success. But the downward trend is clear: It shipped 22% fewer Switch consoles than the previous year.
At the peak, it sold almost 29 million units during the fiscal year ended in March 2021, receiving a big power-up from stay-at-home gamers during the pandemic. The slowing sales are affecting its results: Nintendo said Tuesday that revenue for the fiscal year ended March fell 6% from a year earlier, while its operating profit dropped 15%.
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