Nintendo have released their latest financials. Most numbers dropped year-on-year versus the Animal Crossing boom of 2021, but only by the single digit percentages. There are 107.65 million Switches out there (I’m looking at mine on my desk right now), and the Pokemon games did rather well. Pleasing everyone, Nintendo also shared a glimpse at their upcoming titles, promising that Bayonetta 3 is still on track for this year.
Increased R&D costs, OLED model manufacturing challenges, weak yen exchange rate, and just general lower sales lead to the decrease in operating profit. Nintendo predicts a further drop in the coming FY as the Switch continues to fill demand and fall off.
