As planned, Nintendo Releases Latest Financial Report Today, corresponding to the first fiscal quarter of the year 2021, which runs from April to June. Among the incredible numbers of the Japanese company, stands out the fact that Nintendo Switch has already managed to sell more than 89 million units, becoming one of the fastest-selling consoles in history.
But Nintendo has revealed a lot more interesting details in this financial report beyond the number of consoles sold. For example, while net sales in this first quarter of the year have fallen by about 10% compared to the same period last year, they have generated 322,647 million yen. Similarly, operating income fall by about 17% to 119,752 million yen and net profits fall up to 92,747 million euros, about 13% less compared to the first fiscal quarter of 2020.
It must be borne in mind that last year was an exceptional situation due to the coronavirus crisis and the home confinement that took place in practically the entire world, which generated great benefits to the majority of video game companies due to an exponential increase about the sales.
Nintendo Switch and game sales
Regarding the sales of consoles and games, Nintendo has revealed that Switch has already exceeded the barrier of 89 million units sold, of which 4.45 million were sold between April and June . During this trimester has managed to sell 45.29 million games for its consoles, but it does not prevent both hardware and software sales from falling 21.7% and 10.2%, respectively, compared to the same period last year.
When it comes to Nintendo games, we know that New Pokémon Snap, launched in April, has already reached the 2.07 million units sold. Miitopia, launched in May, stays in 1.04 million copies and Mario Golf: Super Rush, released in June, stays in the 1.34 million of games sold. Compared to games from previous years, Nintendo remarks “they continued to sell well, helping to maintain the overall high level of software sales.” Mario Kart 8 Deluxe sold 1.69 million units (with a total of 37.08 million copies) and Animal Crossing: New Horizons with another 1.26 million units (with 33.89 million units accumulated).
Regarding the proper functioning of third party games on Nintendo Switch, the Japanese company ensures that during this period, ** nine third party games exceeded one million copies on Nintendo Switch.
While the Japanese company ensures that the Nintendo Switch Online subscription continues to work well, digital game sales down 24.9% compared to the same period last year, generating a total of 75.9 billion yen. Similarly, revenues related to mobile telephony and IP revenues fell, reaching 13.1 billion yen (a decrease of 0.6% year-on-year).
Regarding the sales forecasts for this fiscal year, Nintendo doesn’t lower expectations and promises to “keep the platform active with new games” such as Metroid: Dread and Warioware: Get it together, continue to promote the games that are already on the market and expand console sales with the launch of the OLED model Nintendo Switch. “Our goal is to expand Nintendo Switch sales by adding a new model equipped with an OLED screen vibrant to the line in October. The OLED model of the Nintendo Switch will provide consumers with another model option to choose from, better suited to their preferences and lifestyles, “says the company (via NintendoEverything).