Even though the Nintendo Switch hit 36.87 million units sold by the end of June, Nintendo on Tuesday reported a 10% decline in its quarterly profits. Despite revenue of 172 billion yen ($1.6 billion), the Japanese company said "foreign exchange losses of 12 billion yen and other factors" resulted in 16.6 billion yen profit for the quarter.
In the, Nintendo's operating profit was 30.5 billion yen, and its revenue was 168 billion yen, so its profit fell 45.7% year over year.
However, strong Switch sales (2.1 million for the quarter) are bringing that device closer to the SNES, which sold 49.1 million in total, andmanaged to sell 2.42 million copies in three days -- it came out June 28.
Nintendo's aiming to sell 18 million Switches for the year ending March 2020, with the cheaperrevision coming out . It's no doubt hoping big releases like , and will bolster sales.