Nintendo Financial Results Announced for Fiscal 1ST Quarter

Nintendo Financial Results Announced for Fiscal 1st Quarter
Photo Credit: Nintendo

The Nintendo financial results for the first quarter of the 2023 fiscal year have been announced. First glance indicates that sales are down compared to the year prior. There are several reasons for this, mainly the semiconductor shortage and ongoing supply chain issues.

Nintendo is still able to post a net profit despite these issues.

Source: Nintendo

According to the Nintendo financial results, hardware sales are down across the board. A total of 3.43 million Switch consoles were sold, down 22.9% from the 4.45 million unit number from the prior year. The base Switch model accounts for 1.32 million units. The Switch Lite sold 0.59 million units, while the OLED model .52 million units.

A total of four games broke the million unit mark in Nintendo’s first fiscal quarter of 2023. Nintendo Switch Sports ran away with a whopping 4.84 million units sold. Mario Strikers: Battle League sold 1.91 million units. Kirby and the Forgotten Land sold 1.88 million units. Mario Kart 8 Deluxe sold 1.48, undoubtedly on the back of DLC updates.

In fact, all of these games are seeing DLC in various forms. Between the strength of the software releases and the continued post-launch support, the Nintendo financial results show that this is a very good quarter for game sales.

“Overall sell-through of first-party software increased year-on-year to reach the highest level for a first quarter since the launch of Nintendo Switch,” the report says. “Though it could not keep pace with the first quarter of FY2021, which was fueled by strong sales of Animal Crossing: New Horizons.”

Regarding future releases, the Nintendo financial results show what’s to come next. Xenoblade Chronicles 3 was just released last week. The next batch of Mario Kart 8 Deluxe DLC is due tomorrow. Splatoon 3 is still on track for September 9th. Kirby’s Dream Buffet is still due this summer. No word on Advance Wars, however.


Written by Jake Valentine

I am the Editor-In-Chief of BossLevelGamer. I'm also a lover of video games, food, and beer.

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