Switch revenue falls 20% to 23 million due to continued chip shortages

Nintendo has released its financial report for the year ending March 31, 2022.

According to the numbers, declines were reported on somewhat flat year-on-year (yoy) net earnings.

Nintendo saw its revenue decline 3.6% year over year, even though its dedicated video game platform brought in 1.64 trillion yen ($12.3 billion). This number includes accessories, hardware, and software, with the latter also including downloadable versions of packaged software, download-only software, add-on content, and Nintendo Switch Online.

Mobile and IP-related revenue (smart device content and license revenue) brought in 53.3 billion yen ($408.8 million), down 6.5% year-over-year.

Overall, Nintendo recorded revenue of 1.7 trillion yen ($13.1 billion) for the year, down 3.6% year over year. Broken down by region, the Americas accounted for 43.5% of sales, Europe 25%, Japan 21.2% and other regions 10.35%.

Hardware sold 23.06 million units for the year, down 20% year over year. Switch sold 13.56 million units (-33.3% YoY), Nintendo Switch OLED model hovered 5.8 million units, and Nintendo Switch Lite sold 8.5 million units, down 56.5%.

Despite the decline, the number is the highest fiscal year revenue since the launch of Nintendo Switch, and annual gaming users now surpass 100 million

Software moved 235 million units, up 1.8% year over year. More recent titles such as Pokemon Brilliant Diamond/Shining Pearl and Pokemon Legends: Arceus sold 14.65 million and 12.64 million units, respectively. Mario Kart 8 Deluxe continued the business by moving 9.94 million units during this period.

In terms of sales, Switch is Nintendo’s best-selling home console, with 107.65 million units sold worldwide. In terms of software, the console sold 822.2 million units.

Of the first-party IPs, Mario Kart 8 Deluxe remains the best-selling Switch title with 45.33 million units sold, followed by Animal Crossing: New Horizons with 38.64 million units sold, Super Smash Bros. Ultimate with 28.17 million units sold and The Legend of Zelda: Breath of the Wild have now sold 26.55 million units, and Pokemon Sword/Shield now stands at 24.27 million units sold.

Switch now has 39 million titles sold, of which 26 are first-party and 13 third-party.

https://www.vg247.com/switch-sales-decline-by-20-to-23-million-due-to-continued-chip-shortages Switch revenue falls 20% to 23 million due to continued chip shortages

Fry Electronics Team

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