Nintendo’s earnings fall by 9%

Nintendo’s earnings dropped by nine percent on yearly basis to 432.7 billion Yen during the financial year of 2023. However, these earnings were high than expected by the company.

The company was expecting to make earnings of 370 billion Yen. Revenues also dropped by 5.5 percent on a yearly basis to 1.6 trillion Yens during the financial year that ended on 31 March 2022.

The company’s revenues were affected by a fall in the sales of its famous device Switch by 22 percent to 17,97 million devices, in comparison to its expectations to sell 18 million devices. The drop was by 22 percent on a yearly basis from 23 million devices.