Continuing covering gaming interest in the new earning reports season of Wall Street and markets around the world, early this morning, Nintendo took the turn to report how this past three month behaved and some flags are raised all right.
Nintendo confirmed that Nintendo Switch is now at 111.08 million of houses, which means that the first quarter of their fiscal year 2023 added 3.43 million units sold/shipped or a 23% down, as part of their Q1 2023 report.
Unfortunately, where investors are interest are the year-to-year difference and it is a decline from last year's 4.45 million
The japanese gaming veteran indicated that this was the effect of declining availability due to the semiconductor shortage.
Despite the semiconductor shortage not giving up, Nintendo expects to close this fiscal year with the 21 million Switch sold, thanks to the steady demand.
Software could have been better too as it was reported that Nintendo sold 41.4 million copies of games a 8.6% less that it did last year and highlighted Nintendo Switch Sports with 4.84 million copies sold, Mario Strikers: Battle League with 1.91 million, Kirby and the Forgotten Land with 1.88 million and Mario Kart8 at 1.48 million copies sold.
In broad numbers, Nintendo earned an equivalent of $764 million on operating profit with around $2.3 billion of sales, all metrics investors and anaylyst's below expectations.
Via Nintendo