Nintendo’s declining sales due in part to economic issues and part shortages


What you need to know:

  • Nintendo released their Q1 financial report for the current FY23 fiscal year.
  • It revealed that Nintendo Switch hardware sales declined by 22.9% compared to Q1 of the previous fiscal year.
  • Software sales declined by a lesser amount, selling 8.6% less than they did this time last fiscal year.

Financial reports give both consumers and shareholders insight into the health of a company, as well as the popularity of the products and services on offer. Nintendo released its financial report today, detailing the company’s performance in the first quarter of their current FY23 fiscal year.

For the uninitiated, Nintendo’s fiscal year begins on April 1 of every year, and ends on March 31 of the following year, after which the time period is named. This means that Nintendo’s current fiscal year is FY23, beginning on April 1, 2022 and ending on March 31, 2023.


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