Nintendo Switch Is A True Success According To The Latest Earnings Report
- Nintendo's latest earnings reports show a decline in sales.Â
- Games for Switch are still popular despite slower sales.Â
- Tatsumi Kimishima, the current president at Nintendo will be stepping down soon.
Today, Nintendo showed their latest earnings and the results look reassuring. After releasing of the Nintendo Switch, the company had sold more Switch consoles in the first nine months than Wii U consoles were sold in their entire lifetime. Newest earnings report shows that the company has sold 2.93 million Switch consoles in the past three months. Considering how, after the release, the number of sold Switch consoles was 7.23 million, this is an expected decline in sales since all the hype is gone. Still, current overall sales are at nearly 18 million, which is a decent result for Nintendo.
Image Courtesy Of: CNET
When it comes to software, sales are in general getting slower in this period of the year. However, games for Switch are still very popular. For example, Super Mario Odyssey had over 10 million sales, and other games like The Legend of Zelda: Breath of the Wild, Splatoon 2 and Mario Kart 8 Deluxe had a very good three months run. As for the company's Labo cardboard peripherals, there is no sales information since they were launched only recently.
The same goes for mobile software since we can't expect Mario Kart Tour, which is designed for phones, to come out until the next year. And finally, the sales for 3DS have been reported at a little over half a million in the past three months. At the same time, we have the SNES Classic Edition, which achieved 5.28 million sales in the last 12 months. Overall, it looks like the Nintendo Switch has been a very profitable product from the start and it just keeps on giving.
The company made around 177,557 million yen in profit during this financial year. And when Nintendo starts charging Switch's online features in September, we can expect to see even more revenue. The only thing that might slow down its profitability in the future is the occurrence of pirated games for that console.
As Engadget reports, we can expect to see the new president Shuntaro Furukawa, who will be replacing Tatsumi Kimishima who has been in charge since 2015. Furukawa has been in Nintendo since 1994 and was working on various executive positions in the company so far.