Nintendo Switch Sales Forecast Lowered
For the first half of fiscal 2023 that ended 9/30/22, Nintendo reported Switch hardware sales down from 8.3 million units in the previous year period to 6.7 million. In addition, forecasts for the year were lowered from 21 million Switch units to 19 million units.
Analysis
Despite the decline in hardware unit sales, Nintendo reported an increase in revenue. This was largely due to favorable exchange rates with a strong U.S. dollar compared to the J.....