Nintendo’s hardware and software sales both declined year over year for the three months ended June 2022, which the company blamed in part on component shortages.
Nintendo’s Q1 hardware sales totaled 3.43 million units (down 22.9% year-on-year) and software sales totaled 41.41 million units (down 8.6%).
Net sales also fell 4.7% to 307.4bn yen. However, net profits increased by 28.3% compared to last year at 166.7 billion yen.
During the first quarter (April to June 2022), Nintendo Switch Sports (released in April) achieved sales of 4.84 million units, and Mario Strikers: Battle League (released in June) sold 1.91 million units.
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In addition, titles released in previous fiscal years such as Kirby and the Forgotten Land sold 1.88 million units (for cumulative sales of 4. Read also : Four major food trends highlighted in BEMA 2022.53 million units—a series record, according to Nintendo), and Mario Kart 8 Deluxe sold an additional 1.48 million units (for cumulative sales of 46.82 million units).
Nintendo Switch sold a further 3.43m during the quarter (compared with 4.45m during the same period last year), for a lifetime total of 111.08m.
Earlier this year Switch was already confirmed as Nintendo’s best-selling home console of all time, surpassing Wii’s 101.63m. However, it still has a way to go before it matches the 154.02 million units sold by Nintendo DS, and Game Boy (and Game Boy Color) at 118.69m.
Outside of Nintendo’s own consoles, only PlayStation 4 (116.6m) and PlayStation 2 (155m) outsold Nintendo Switch.
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Nintendo’s latest financial results echo those of Sony, which also reported a drop in sales earlier this month, which it also blamed in part on component shortages as well as challenging post-pandemic boom market conditions and a weak yen.
On Wednesday, Nintendo said it expects component procurement to improve from late summer to fall. Read also : DISMISSAL: WHISKEY & ARZIKI CONTINUES REGIONAL JUDGMENT IN US SECURITY LAW. The company plans to release a new mainstream Pokémon game and Splatoon 3 in late 2022.
“For a 5.5-year-old system, the Switch still performs remarkably well,” industry analyst Serkan Toto of Kantan Games told Bloomberg. “Nintendo’s lineup for this calendar year is full of blockbusters like Splatoon 3. I’m not worried about Nintendo, at least not for 2022.”
Nintendo maintained its 21 million hardware sales forecast for its current fiscal year, ending in March 2023, representing a 9.8% decrease from the previous year and a 37% decrease from FY 2020. However, it should be noted that Nintendo is known for being conservative. projections.
“With regard to Nintendo Switch, we will continue to deliver on the appeal of all three hardware models to maintain sales momentum and expand the install base,” it said.
“In terms of software, we released Xenoblade Chronicles 3 in July, and are scheduled to release Splatoon 3 in September, Bayonetta 3 in October, and Pokémon Scarlet and Pokémon Violet in November.
“Other software publishers also plan to release a wide variety of compelling titles, and we will work to invigorate the platform through the combination of existing popular titles and a continuous stream of new titles.”