Nintendo profits decline year-on-year as Switch hits 89 million sold

Nintendo profits decline year-on-year as Switch hits 89 million sold


Illustrations by Alex Castro / The Verge

Nintendo has released its earnings for the April-June quarter, and while the figures would normally be strong for what’s usually a slow period, revenue and profit are both down compared to a year ago. That’s perhaps not surprising given the company was then riding a surge in demand for video games during the first wave of the COVID-19 pandemic, and had just released the mega-hit Animal Crossing: New Horizons.

By comparison, Switch hardware sales were down 21.7 percent to 4.45 million units, and software sales decreased 10.2 percent to 45.29 million units. Nintendo has now sold 89.04 million Switch consoles in total; for comparison, the PS5 just hit 10 million. Revenue decreased 9.9 percent to 322.6 billion yen ($2.94 billion), while…

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members