Nintendo lowers Switch sales forecasts but still expects a healthy year
of earnings, with revenue for the quarter at 349.5 million yen and a 118.7 million yen operating profit. That's up by 15.9 and 18.5 percent over last year, largely in part due to a weaker yen, sales outside Japan and the launch ofThe company is less bullish on Switch console sales, however, lowering its forecast from 21 million to 19 million for 2022. However, it doesn't think that will affect earnings much, with revenue forecast to be 50 billion yen higher at 1.
Nintendo said that it has seen a gradual improvement in the supply of semiconductors and other components, along with a"recovery trend in hardware manufacturing for the Switch." However, it lowered the forecast based on sales to date, with the weak yen making up the difference in revenue and profit. You can disable notifications at any time in your settings menu.
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