Business

Nintendo’s Profit Fall After Pandemic Gaming High

by Sloan T. Wilson, The Chicago Times

November 4, 2021

KYOTO — Nintendo’s profit fell 19 percent in the first half of its fiscal year compared to the previous year, when it received a large boost from individuals confined at home due to the coronavirus pandemic.

Nintendo posted a profit of $1.5 billion for the April-September period, down from $1.8 billion the same time last year.  Sales in the first half of the fiscal year fell 19% $5.5 billion.

A shortage of computer chips caused by the pandemic is hampering machine manufacturing.

Nintendo has reduced its projection for Switch hardware sales in the second fiscal half by 1.5 million units, to 24 million.

The end-of-year holidays are crucial for Nintendo’s revenues.  Nintendo has sold approximately 93 million Switch systems globally, including the Switch Lite model.

Nintendo’s downloaded software sales were mixed, while mobile sales failed to expand as users continued to appreciate previous releases, according to Nintendo.

According to Nintendo, certain new games performed well, including “The Legend of Zelda: Skyward Sword HD,” which sold 3.6 million units, and “New Pokémon Snap,” which sold 2.2 million units.

Nintendo anticipates a profit of $3 billion for the fiscal year ending March 2022, a 27 percent decrease from the previous fiscal year.  

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