Nintendo's June quarter sales fell by 4.7 percent to $2.31 billion, while earnings increased by 28%

Nintendo's June quarter sales fell by 4.7 percent to $2.31 billion, while earnings increased by 28% ...

Nintendo reported quarterly sales of $2.31 billion for the first fiscal quarter ended June 30, down 4.7 percent from $2.42 billion a year earlier.

Nintendo sold 23 million Switch machines last year, up 28.3% from $697.1 million a year earlier.

Nintendo announced that its net sales of $12 billion and profits of $2.55 billion will be recorded for the fiscal year ended March 31, 2023. The forecast for the same period was made a quarter ago. The company intends to sell 21 million Switch units during the fiscal year.

Nintendo claims that Nintendo Switch Sports, which first appeared in April, sold 4.84 million copies, while Mario Strikers: Battle League, which was released in June, sold 1.91 million copies.

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Kirby and the Forgotten Land sold 1.88 million copies, bringing the total number of copies to 4.53 million. Mario Kart 8 Deluxe sold another 1.48 million copies, bringing the total number of copies to 46.82 million.

The Nintendo Switch's downloadable software packages were strong, and Nintendo Switch online sales were up 16% compared to the same quarter last year.

Compared to the same time the previous year, smartphone earnings fell by 16.8%.

Nintendo's most anticipated titles include Splatoon 3 in September, Bayonetta 3 in October, and Pokemon Scarlet and Pokemon Violet in November. Xenoblade Chronicles 3 was released late in July, but it said manufacturing may still be hampered by COVID-19 components.

Nintendo expects procurement to improve gradually from late summer to autumn. And once again, the word metaverse does not appear in Nintendos earnings figures.

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