Nintendo Q1 sales fall 4.7% to $2.3bn, Switch sales down 23%

2 months ago

Nintendo suffered declines in the first quarter of its financial year, with net sales dropping almost 5% to $2.3 billion – due largely to a decrease in hardware sales.

3.43 million Switch units were sold to retail during the three months ended June 30, 2022. That’s a year-on-year decline of 22.9%, which Nintendo attributed to “the effects of supply shortages in semiconductors and other components among other factors.”

Net sales: ¥307.5 billion ($2.3 billion), down 4.7% year-on-year Operating profit: ¥101.6 billion ($762.7 million), down 15.1% Ordinary profit: ¥166.7 billion ($1.3 billion), up 29.6% Gross profit: ¥184.5 billion ($1.4 billion), down 4.3%

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James Batchelor