Despite Great Switch Sales, Nintendo Reporting Profit Loss

Despite Great Switch Sales, Nintendo Reporting Profit Loss
Sales for both Nintendo software and hardware declined for the three months ending in June 2022. The company blamed such performance on component shortages, which has also impacted sales of PlayStation 5 consoles. 
That's a Lot of Switches
That's a Lot of Switches
To help make the medicine go down, sales of Nintendo Switches are still doing well. The home console recently surpassed 111 million units sold, which places it amongst the best-selling consoles of all time. But we have a feeling Nintendo is still feeling the heat on this one. 

Hardware sales for Nintendo's first quarter totalled 3.43 million units, which is down 22.9% year-on-year. Meanwhile, software sales are at 41.41 million units, which is a drop of 8.6%. 

For the first quarter spanning April through June in 2022, Nintendo Switch Sports sold 4.84 million units while Mario Strikers: Battle League sold 1.91 million copies. 

As of the end of June 2022, Mario Kart 8 Deluxe remains the best-selling Switch game with 46.82 million units sold. Rounding out the top five are Animal Crossing: New Horizons, Super Smash Bros. Ultimate, Legend of Zelda: Breath of the Wild, and Pokemon Sword/Shield

While Nintendo may not appreciate those drops, it's a far warning cry. Serkan Toto, an industry analyst for Kantan Games, told Bloomberg, "For a 5.5-year-old system, the Switch is still performing remarkably well. Nintendo’s software pipeline for this calendar year is chock-full of blockbusters like Splatoon 3. I am not worried about Nintendo, at least not for 2022." 

In addition to Splatoon 3, there's also another mainline Pokemon game on the horizon in the form of Pokemon Scarlet/Violet. That's definitely bound to move some units, and hopefully, the hardware shortages impacting Nintendo and other companies comes to a close in the near future. 

Are you still holding out for getting a Nintendo Switch?
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