Nintendo’s recent financial report has been released, and there are a few interesting things to point out. Since the Nintendo Switch release nearly years ago, Nintendo sales have considerably been steady. The gaming company has been rather consistent with its sales.
According to Nintendo’s financial report, the company recorded a decline in Nintendo Switch hardware sales. Compared to last year’s sales, the company recorded a 12% decline year-on-year from 17.97 million to 15.70 million.
According to analysis, the sales declined primarily because of a reduction in the total amount of Vanilla Switches sold. The Vanilla switch sales declined by 37.1%, leaving a significant dent in the company’s yearly sales. Interestingly, the OLED Nintendo Switch recorded a minimal increase in sales, recording a 1.1% increase.
Nintendo Software didn’t change the narrative either. The Nintendo software sales were reduced to 199.67 million from 213.96 million, translating to a decrease of 6.7%.
Nintendo Switch: A deeper dive into the financials
As per the Nintendo reports, three games contributed significantly to Nitendo’s success. The Legend of Zelda: Tears of the Kingdom, Pikmin 4, and Super Mario Bros. Wonder have all contributed significantly to the company’s success through major software sales.
The Super Mario Bros movie’s success led to a significant boost in sales of software copies on the Nintendo Switch, with over thirty-one titles selling more than a million copies on the Nintendo Switch during the same time it aired.
Although the overall sales declined, the company made profits. Net sales rose by 4.4%, while operating profit increased by 4.9%. These two led the company to a net profit increase of 13.4%.
Despite the current increase in net profits, the company growth outlook doesn’t look great, as projections show an expected decline in net sales of up to 19.3% and a whopping 38.9% slide in net profits for the 2025 fiscal year.
Although players are already waiting for the next console upgrade, Nintendo confirmed that it won’t mention anything about the next console while hosting Nintendo Direct, which is planned for June this year. On the other hand, it also confirmed that it has plans to announce the Nintendo Switch successor later this year.
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