dollar dip
Video game giants see hundred million dollar dip in revenue amid recession fears
Nintendo reported an operating profit of 101.7 billion yen ($764 million), falling short of analyst expectations by about 13.5 billion yen ($101.4 million.) Nintendo Switch sales declined from 4.45 million units in the same period last year to 3.43 million now; software sales also dropped to 41.4 million units compared with 45.3 million last year. The company attributed its console sales woes to supply chain issues and predicted it would catch up with production over the summer. Nintendo still anticipated it would sell a total of 21 million console units in the financial year ending next April.