Nintendo Sold 23 Million Switch Consoles in the Past Year
- Paul Thurrott
- May 10, 2022
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As part of its quarterly earnings report, Nintendo announced that it sold 4.11 million Switch consoles in Q1 2022 for a total of 23.1 million units in the fiscal year. It had sold 28.8 billion units in the previous fiscal year.
The first reported a net income of $3.7 billion on revenues of $13 billion for the quarter ending March 31. That latter figure is down 3.6 percent year-over-year (YOY), with Nintendo blaming ongoing component shortages.
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“The Nintendo Switch business this fiscal year (April 2021 to March 2022) saw the October 2021 launch of Nintendo Switch – OLED Model and strong hardware sales in each region,” Nintendo noted in its earnings report. “Growth in sales of Nintendo Switch, Nintendo Switch – OLED Model, and Nintendo Switch Lite demonstrated a good balance between each of the three individual models, and as a result of stable performance among the overall hardware lineup, final sales totaled 23.06 million units.”
To appease investors, Nintendo also announced a 10-for-1 stock split, effective October 1, and it will buy back $433 million worth of shares. It forecasts that it will sell 21 million Switch units in the current fiscal year.