Nintendo Lowers Switch Forecast Again
For the third fiscal quarter ending 12/31/22, Nintendo announced revenue declined 8% to ¥638,204. Switch unit sales declined 23% in Q3 to 8.2 million. For the full fiscal year ending 3/31/23, Nintendo lowered its forecast for Switch hardware units to 18 million.
Software sales for Nintendo were only down 3% in the third quarter. However digital software sales were up 10% and downloads of packaged software was up 28% compared with the previous year quarter. Pokemon Scar.....