Nintendo praised the performance of key software such as Splatoon 3 and Nintendo Switch Sports in its latest financials, but is still feeling the impact of hardware component shortages.
As reported in the company's fiscal results for the six months ended September 30, 2022, consolidated net sales increased by 5.2 percent year-on-year to 656.9 billion yen ($4.49 billion), while profit increased by 34.1 percent to 230.5 billion yen ($1.57 billion) over the same period.
According to Nintendo, that performance was the result of the "good start" made by titles such as Splatoon 3, which has sold 7.9 million units since launching on September 3, 2022.
The Japanese company also heaped praise on other releases including Nintendo Switch Sports (6.15 million units), Mario Strikers: Battle League (2.17 million units), and Xenoblade Chronicles 3 (1.72 million units).
"Sales of titles from other software publishers also continued to grow steadily, bringing the total number of million-seller titles during this period to 15, including titles from these other software publishers," noted the company. "As a result of these factors, total software sales grew by 1.6 percent year-on-year to 95.41 million units."
Hardware sales, however, decreased by 19.2 percent year-on-year to 6.68 million units due to factors including a shortage of semiconductor and other component supplies, taking lifetime Nintendo Switch sales to 114.33 million units.
Although Nintendo claims those supply issues have gradually improved, it is still feeling the impact of the shortages and as a result has reduced its full-year hardware sales forecast to 19 million units from 21 million units.
"While there is a gradual improvement in semiconductor and other component supplies
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