"Nintendo delivers $2.41 billion net sales and $771 million net profit in Q2'23 Nintendo delivered a " "--START AD- """"#TheMummichogblogOfMalta Amazon Top and Flash Deals(Affiliate Link - You w
AhbarjietMalta
Shownotes Transcript
"Nintendo delivers $2.41 billion net sales and $771 million net profit in Q2'23
Nintendo delivered a " "--START AD- """"#TheMummichogblogOfMalta Amazon Top and Flash Deals(Affiliate Link - You will support our translations if you purchase through the following link) - https://amzn.to/3CqsdJH Compare all the top travel sites in just one search to find the best hotel deals at HotelsCombined - awarded world's best hotel price comparison site. (Affiliate Link - You will support our translations if you purchase through the following link) - https://www.hotelscombined.com/?a_aid=20558 https://t.me/themummichogblogdotcom https://twitter.com/Mummichogblogd1 https://www.facebook.com/profile.php?id=100086295703212 ----- https://www.facebook.com/themummichogblogdotcom/ https://themummichogblogofmalta.blogspot.com/ https://www.tumblr.com/blog/themummichogblogofmalta https://open.spotify.com/show/6S7XwNge80YtcS1CcVH2nB https://www.youtube.com/channel/UCnnNPvuRZb9tjfE1Dw-aFUw"""" END AD---" "strong quarter with its Q2'23 results achieving $2.41 billion in net sales, driven primarily by software across the digital space.
Nintendo delivers solid Q2 performance with strong software sales offsetting drops in hardware sales and revenues.
5 VIEW GALLERY - 5 IMAGES Nintendo recently reported its Q2 Fiscal Year 2023 results and the numbers are quite impressive, especially as the yen depreciates against the dollar. Using data published by Nintendo, we have converted earnings into USD based on the exchange rates included in the company's quarterly earnings reports.
Popular Now: Red Dead Redemption franchise sales break 70 million 5 Read Also Nintendo Switch hits 114.3 million shipments, will beat PS4 by end of 2022
Based on our findings, Nintendo delivered $2.416 billion in total net sales during the Q2'23 period, down 10.5% year-over-year. Main drivers for sustainable quarterly sales are driven primarily by software, with Nintendo recognizing a boost from digital add-on content and Switch Online subscriptions during the period. Splatoon 3, Mario Kart 8 Deluxe, and Kirby and the Forgotten Land selling well during the quarter.
Nintendo Q2 FY23 Results Net Sales - $2.416 billion, down 10.5% YoY Operating Profit - $821.11 million, down 8.5% YoY Net Profit - $770.81 million, up 8.9% YoY Dedicated Gaming - $2.321 billion, down 10.1% YoY Consistent software sales helped offset a reduction in hardware revenues primarily due to weaker yen rates. Nintendo notes that hardware sell-through, that is consoles and hardware sold to consumers, was relatively even year-over-year. Sell-in of Switch hardware, that is shipments made to retailers, was down by half a million systems to 3.25 million in Q2'23 as compared with 3.83 million from Q2'22.
5 As a result, operating profit was $821.11 million, down 8.5% year-over-year. Net profits were $770.81 million during the quarter, up nearly 9% over last year
5 We can see that Nintendo is currently weathering the lower yen rates exceedingly well, and its video games business remains very healthy.
Pokemon Scarlet - Nintendo Switch
Today Yesterday 7 days ago 30 days ago
$59.88
$59.88 - -
Buy
- Prices last scanned on 11/11/2022 at 11:37 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission. NEWS SOURCE:nintendo.co.jp
"