Nintendo Reveals Q1 Sales Figures, Drop in Hardware Sales

gamerant.com:

As the latest financial quarter comes to an end, many gaming companies are revealing information on how well the past three months have gone alongside providing investors and gamers with information on future releases as well as previous financial figures. Nintendo is the latest company to give the public a look at its revenue and earnings, granting details about its hardware and software sales. Also, there's a look at some of Nintendo's upcoming releases as well.

Nintendo has reported a drop in both its hardware and software sales. Looking at the former, the Nintendo Switch console has managed to surpass 111 million units sold, distributing 3.43 million consoles last quarter. However, this still marks a drop of 22% compared to the sales of the Nintendo Switch console last year. This year-on-year decline was somewhat expected by Nintendo, as in May supply issues for the Switch were reported to decrease console sales, but these issues were only supposed to cause a drop of 10% in sales, less than half of the actual percentage decrease.

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As stated, Nintendo's software sales have also seen a decline. In the previous quarter, the company's software sales totaled 41.41 million units, dropping by 8.6%. The mobile profits for Nintendo also saw a drop of 16%. Unlike with the hardware figures, where Nintendo blames the semiconductor shortages for its drop, it seems that there is no similar factor to take the fall for the dip in software sales. This is not to say that recent Nintendo games have not been impressive in their sales figures, though, as the company reports Kirby and the Forgotten Land is a huge success, reaching 4.53 million units sold at the time of writing.

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