Nintendo Released its financial statement for the second quarter of the 2021/2022 financial year. Net decline In Revenue and profit Compared to the previous year. Nintendo Switch is down 39.7% in sales and software 19% down $ 2.70 billion in revenue (-26.7% year-on-year) and $ 897 million in profit (-31.7%). Subscriptions, add-ons and digital games are the only growing sector, which saw 17% growth over the previous year.
One of the main reasons for the fall was the lack of a strong release like Animal Crossing: New Horizons, if you remember the whole of Nintendo 2020. 40% of players bought in the same fiscal year last year Nintendo Switch They also took a copy of the latest Animal Crossing. In short, the game also sold hardware.
Other factors: The semiconductor crisis, the declining impact of COVID-19 on people’s social lives (less people being forced to stay indoors), the success of Monster Hunter Rise, and lower first-party sales (Nintendo earns less from third parties in the first place).
Let’s look at how income is distributed among different people Categories Nintendo Active Location:
- Console hardware: $ 1.17 billion / 43%
- Bundled software: $ 0.80 billion / 30%
- Digital software: $ 0.30 billion / 11%
- Subscriptions / Extensions / Digital Only Titles: $ 0.31 Billion / 12%
- Mobile + intellectual property license: $ 0.11 billion / 4%
It should be noted that total digital sales were $ 611 million, down 3% from the previous year.
A separate note is worthy Mobile sector, Down 8.5% compared to last year, probably due to a lack of startups and a general lack of interest in the company, which has dropped a bit on its own.
Edward Langley is a contributor to Nintendo-power.com, covering a wide range of topics including news, business, technology, entertainment, lifestyle and current affairs. He focuses on delivering clear, balanced and accessible reporting that helps readers stay informed about important developments and emerging trends. With an emphasis on accuracy, relevance and useful insights, Edward aims to provide engaging stories and practical information that matter to audiences in the UK and beyond.