Nintendo’s latest financial report, which details successes and challenges during the fiscal year ending March 2023, has revealed major change for the tenured company. Overall, net sales were down 5.5% year-on-year but despite this, there were significant growth areas for the business, particularly in its digital sales.
As noted in the financial report, digital sales have risen by 12.7% since FY22, driven by a handful of digital-only releases including top sellers, Kirby’s Dream Buffet, and the Mario Kart 8 Deluxe Booster Course Pass which introduces fresh new races and characters to the popular game.
In addition to digital-only titles, it appears Pokemon Scarlet, Pokemon Violet, and Splatoon 3 also enjoyed success in the digital realm.
As of this financial report, around 48.2% of the total dedicated video game platform software sales for
A significant growth in digital sales was not matched by hardware, which experienced notable downturn in the last fiscal year for
Nintendo has attributed this waning popularity to the shortage of semiconductor chips, which continued to impact console production into the middle of 2023. As a result of these challenges, and likely the maturation of the console,
Regardless of this bump in results, which
In the next financial quarter,
While FY23 has certainly had its challenges for the company, expect to see a more positive outlook for