Nintendo FY22 Q1

Switch LTD : 111.08 million

Switch HW Q1 : 3.43 million (-23%)

Split : 44% OLED + 38% Classic + 17% Lite Total

Quarterly switch performance :

Japan : -38%

America : -20

Europe : +3

Rest of world : -47%

Software : 863.59 million

Software Q1 : 41.41 million units (-8.6%)

Japan : -1%
America : -23%
Europe : +1%
Rest of world : +35%

Net sales : $2.3 billion (-4.7%)

Operating profit : $763 million (-15%)

Operating profit : 750.6 million (down, 884 million euros in 2021)

Ordinary profit : $1.25 billion

Net profit : 878.9 million euros (+28%)

Total assets : $19.41 billion

Net assets : $15.28 billion

Revenues : 2.2 billion euros (-5%) "2.3 billion euros in 2021

Hardware sales forecast : 21 million units for the current fiscal year through March 31, 2023 (-9.8% vs. 2021) & (-37% vs. 2020).

Over the same time frame the Switch has a 14 million lead over the PS4 but lags the DS by ~18 million.

*PS2 Total LTD : 158~162 million units (+155 million as of March 31, 2012)

*Nintendo DS Total LTD : 154 million (as of March 31, 2022)

*PS4 Total LTD : 117 million (as of March 31, 2022)

Software Sales (53% digital)

Well, the Switch is going to outsell the Wii's total software sales. The DS will be probably passed as well, 80+ million sofware sales don't seem that much considering how good the Switch's games are selling.

We aren't going to get any updates for Metroid Dread for this quarter. The nrxt update will be in a bit more than a year from now through the CESA Games White Paper with numbers up until the end of 2022.

Europe goes up 490K from the previous quarter but everything else declines by quite a bit. Next quarter i bet all regions are significantly up apart from Europe which will decline.

Classic Zelda is a force to be reckoned with. If you add the sales of the WiiU version of BotW this behemoth has actually sold more than SSBU. Amazing!!

My thoughts:

-Solid numbers for first party software.  Kirby is doing great.  Mario Strikers is doing better worldwide compared to it's Famitsu performance.  Switch Sports is very solid, and I expect to see some great legs going forward.  Mario Kart 8 is just insane.  That gold mushroom on it's sales numbers never seems to wear off.  I am guessing that the DLC will keep Mario Kart sales to keep going strong for another couple of years at least.

-Total software is down YoY, because of third party software.  I expect this to come up though based on the recent Partner Direct.  With Splatoon and Pokemon coming (and maybe BotW 2) I expect first party software sales to stay strong too.

-Nintendo mentioned component shortages are still a factor.  This mostly seems to have applied to the RoW category since it is down signficantly YoY.  Europe is actually up a bit YoY, weirdly enough.  There is probably only so much we can take from a single quarter's worth of HW sales, because of shortages.  Looking at the average of the past 4 quarters is probably more useful.

-Digital % continues to rise even after pandemic shut downs have largely ended.  I didn't expect it to rise nearly as much as it did this quarter.

Yay Ring fit adventure in Top 10 is good

Digital doing majority sales is interesting
Kirby doing phenomenal as it should
What will be MK8D's final LTD? 60-65 milli??

Really good quarter considering how old the Switch is. Both Sony and Nintendo had a notable YoY increase in digital which seems noteworthy.

So Switch crushed every Q1 prior to 2020 with ease.
Their forecast remains at 21m, and with the lineup they've got for the rest of the year and supply expected to improve in the coming months, there's a decent chance they'll hit it.

Also, so much for the Wii Sports series being just a fad, it's still selling great more than 15 years later.
Awesome performance by Kirby as well, Forgotten Land will soon take its well deserved spot as the highest selling game in the series.