Nintendo quarterly profits drop 10% but software sales impressive

Nintendo quarterly profits drop 10% but software sales impressive

The latest Nintendo financial results are in and annual profits are up for the Kyoto-based company. BUT the Nintendo Switch has not managed to achieve the company’s two year sale-projection.

Sales by the numbers

Below numbers are thanks to Games Industry

As it stands the company has sold a total of 36.9 million units. Software sales for the Nintendo Switch have been extremely promising though.

Net revenue climbed 2.4% for the period to ¥172,111 million ($1.58 billion) from ¥168,157 million ($1.54 billion) yen. However, operating profit took a hit, falling from ¥27,428 million ($253 million) to ¥30,535 million yen ($281 million).

Sony also revealed that their PlayStation 4 system has now sold over 100 million units. So it’s all good news for the video game industry it seems..