Nintendo Revenues Fell 4.7 Percent in Q2

Posted on August 3, 2022 by Paul Thurrott in Games with 0 Comments

Nintendo reported that it earned a net income of $894.3 million on revenues of $2.31 billion in the quarter ending June 30. That latter figure represents a fall of 4.7 percent year-over-year (YOY).

Nintendo sold 3.43 million Switch consoles in the quarter, a decline of 23 percent YOY. The firm blamed supply and production issues for the shortfall but said that the situation will improve.

“Due to delays in the procurement of components such as semiconductors this year, we have not been able to conduct production as planned,” the Nintendo earnings release notes. “However, we expect procurement to gradually improve from late summer towards autumn, giving us a clearer outlook regarding production for the remaining calendar year. In preparation for the holiday season, we will leverage appropriate means of shipment, and work to deliver as many Nintendo Switch systems as possible to consumers in every region.”

Software sales also declined, by 8.6 percent, from 45.3 million units in the year-ago quarter to 41.4 million units. The firm noted that Nintendo Switch Sports has now sold 4.84 million units, while the recently-launched Mario Strikers: Battle League has already sold 1.91 million units. And sales were “strong” for digital software sales, which were up 16 percent to $659 million.

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