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Nintendo Q1 Switch sales slump 22% to 3.43 million units

By Sam Nussey TOKYO (Reuters) -Japan's Nintendo Co Ltd (TYO:7974) said on Wednesday it sold 22% less of its Switch (NYSE:SWCH) consoles in the April-June quarter than a year...
Nintendo Q1 Switch sales slump 22% to 3.43 million units © Reuters. Different models of the Nintendo Switch are seen on display in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

By Sam Nussey

TOKYO (Reuters) -Japan's Nintendo Co Ltd (TYO:7974) said on Wednesday it sold 22% less of its Switch (NYSE:SWCH) consoles in the April-June quarter than a year earlier, while maintaining its forecast to sell 21 million units in the year through end-March 2023.

The Kyoto-based gaming company sold 3.43 million units of the console in the quarter, down from 4.45 million a year earlier. It sold 23.06 million units last year.

The company behind "Super Mario" is forecasting the second annual sales decline for its hybrid home/portable Switch device, which is in its sixth year on the market.

Nintendo last October launched an upgraded Switch model with an OLED screen to drive interest in the aging system.

Console makers have been grappling with supply chain disruption, with Nintendo President Shuntaro Furukawa in May pointing to ongoing component shortages.

First quarter operating profit fell 15% to 101.6 billion yen ($763 million), below analyst estimates.

Investors are looking for signs of unwinding in the gaming boom among consumers who had been stuck at home during the COVID-19 pandemic.

Sony (NYSE:SONY) Group Corp last week reported a 15% drop in PlayStation user engagement compared to a year earlier.

Upcoming Nintendo games to support demand into the key year-end shopping season include "Splatoon 3", which will be released in September, and "Pokemon Scarlet and Violet" in November.

($1 = 133.2100 yen)

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11-08-2022 08:40:28 (UTC+7)

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44.445

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 EUR/USD1.0286↑ Sell
 GBP/USD1.2195↑ Sell
 USD/JPY133.15↑ Buy
 AUD/USD0.7074↑ Sell
 USD/CAD1.2784↑ Buy
 EUR/JPY136.94Buy
 EUR/CHF0.9705Neutral
 Gold1,803.05↑ Sell
 Silver20.525↑ Sell
 Copper3.6455↑ Buy
 Crude Oil WTI91.63↑ Buy
 Brent Oil97.07↑ Sell
 Natural Gas8.227↑ Buy
 US Coffee C220.78Sell
 Euro Stoxx 503,749.35Sell
 S&P 5004,210.24↑ Buy
 DAX13,700.93Neutral
 FTSE 1007,507.11Sell
 Hang Seng19,841.50Buy
 Small Cap 20001,969.25↑ Buy
 IBEX 358,352.80↑ Buy
 BASF44.445↑ Sell
 Bayer51.90↑ Buy
 Allianz178.50↑ Buy
 Adidas173.36Neutral
 Lufthansa6.611↑ Buy
 Siemens AG109.18↑ Buy
 Deutsche Bank AG8.829Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
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SJC Hanoi6,600/ 6,702
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SJC Danang6,600/ 6,702
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SJC Nhatrang6,600/ 6,702
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Cập nhật 11-08-2022 08:40:30
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Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
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JPY171,29181,34
KRW15,5318,92
Cập nhật lúc 08:39:19 11/08/2022
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