Nintendo full-year earnings 2023: Switch sales plunge 22%


Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series.

Charly Triballeau | AFP | Getty Images

Nintendo reported a fall in profit and revenue in its fiscal year driven by a drop in sales of its flagship Switch console.

For its full fiscal year, which ran from April 2022 and ended Mar. 31 this year, Nintendo reported revenue of 1.6 trillion yen, meeting its own forecast. That was a 5.5% year-on-year decline.

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Nintendo reported 432.7 billion yen in net profit for the fiscal year, down more than 9% year-on-year. However, it was better than the company’s own forecast of 370 billion yen.

The Japanese gaming…

Source cnbc.com

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