Here's what you need to know from Nintendo's full-year results:
The numbers
- Net sales: ¥1.6 trillion ($11.8 billion, down 5.5% year-on-year)
- Operating profit: ¥504.4 billion ($3.7 billion, down 14.9%)
- Ordinary profit: ¥601.1 billion ($4.5 billion, down 10.4%)
- Gross profit: ¥885.4 billion ($6.6 billion, down 6.4%)
- Switch units sold: 17.97 million (down 22.1%)
- Software sold: 213.96 million (down 9%)
- Digital sales (incl. Nintendo Switch Online revenue): ¥405.2 billion ($3 billion, up 12.7%)
- Mobile and IP-related: ¥51 billion ($366.6 million, down 4.3%)
- Lifetime Switch units sold: 125.62 million
- Lifetime Switch software sold: 1.04 billion
The one bright spot is digital sales and online revenue, which are also the highest margin segment for Nintendo.
[link] [comments] https://www.reddit.com/r/stocks/comments/13cpnad/nintendo_reported_declines_across_the_board_in/
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