Nintendo sales dip 3.6% to $13.1bn due to semiconductor shortage
James Batchelor
Editor-in-Chief
Tuesday 10th May 2022
At a glance:
Nintendo has announced the full-year results for its latest fiscal year, showing a slight dip in overall sales.
For the twelve months ended March 31, 2022, net sales were down 3.6% year-on year to ¥1.7 trillion ($13.1 billion).
Naturally, the majority of this came from its dedicated video game platform business, almost entirely driven by Switch, with sales of ¥1.6 trillion ($12.3 billion) which is also down 3.6%.
Mobile and IP-related income saw a sharper decrease of 6.5%, down to ¥53.5 billion ($411.1 million). The company did see a 55.9% increase in sales from its playing cards business, but this only accounted for ¥2.7 billion ($20.7 million).
Net profit remained flat with only a 0.6% decrease, reported at ¥477.6 billion ($3.7 billion).
In FY2022, Nintendo sold 23.06 million Switch units into retail -- a year-on-year decline of 20%.
The platform holder said shipments were affected by the ongoing shortage of semiconductor components and other parts, as well as the steep comparison with FY2021, which benefited from both the stay-at-home measures necessitated by the pandemic and the recent launch of Animal Crossing: New Horizons, which debuted less than two weeks before that financial year began.
Even so, FY2022 marked the second highest year of Switch hardware sales since launch -- the highest, of course, being the previous year.
Over the past twelve months, the standard Switch sold 13.56 million units into retail, a decrease of 33.3%. The Switch Lite saw hardware sales plummet 56.5% to 3.7 million.
Meanwhile, the Switch OLED, which debuted in October 2021, sold 5.8 million units in its first six months.
Lifetime sales of the Switch now stand at 107.65 million, a
Read more on gamesindustry.biz
