We're hearing some impressive figures from Nintendo's latest financial report this morning. It's brought us news that Animal Crossing: New Horizons has sold over 31 million copies and how the Switch has finally overtaken the 3DS' lifetime sales. Commendable sales numbers, without question, but some of you may be wondering; how are the financial figures looking?
For the nine months ending on December 31st 2020, Nintendo revealed it has already reached its annual net sales target, taking in ¥1.4 trillion / $13.4 billion. That's a 37% increase on 2019's equivalent period and overseas sales made up three-quarters of this, with Japan accounting for 22.4%. Nintendo's operating profits have jumped, too, witnessing a 98% increase from 2019 at ¥521.1 billion / $5 billion total.
As for how that revenue is split up, digital Switch sales accounted for ¥256 million / $2.4 billion, including Nintendo Switch Online and DLC, a 105% increase from 2019. Mobile gaming held a more modest performance but still saw a 14% annual increase, bringing in ¥42 billion / $401 million.
Given this strong performance, it's no surprise then that Nintendo has raised its full-year revenue forecast. It is now expecting to take in ¥1.6 trillion / $15.3 billion by March 31st, and anticipates a net profit of ¥560 billion / $5.34 billion.
Impressed by the sales numbers? Were you expecting such a high increase from 2019? Share your thoughts in the comments.
[source gamesindustry.biz, via nintendo.co.jp]
Comments 27
First The switch overtakes the 3DS, then MK8 and Deluxe overtake MK Wii, and then THIS? What's next, Zelda BOTW 2 being announced?
Tom Nook got his bells in 2020
The success of the Switch just keeps on growing and growing.
Nintendo's expects their operating profits in FY2020 to be the biggest ever in the company's history, exceeding their NDS/Wii era peaks:
Nintendo's biggest operating profits by fiscal year:
1) FY2020: ¥560 Billion (Projected, with ¥521 Billion earned thus far during Apr-Dec 2020)
2) FY2008: ¥555 Billion
3) FY2007: ¥487 Billion
4) FY2009: ¥357 Billion
5) FY2019: ¥352 Billion
The Switch isn't selling anywhere near as much hardware or software as NDS + Wii combined, so its clear that profits from their increasing shift to digital distribution are doing much of the work here.
And now I can see why our friend Doug said the Switch was at a halfway point
And how about the required JoyCon message? It would be nice with that extra profit to make it right.
Lifetime global console sales numbers combined.
Nintendo 754 Million
Sony 534 Million
Xbox 149 Million
@westman98 the majority of Nintendo gamers buy physical so it can't be that.
Like Amazon and Netflix, Corona has helped Nintendo's bottom line.
@Brummieendo90 I'm old school so i like physical copies. However, I say that but I have 3 physical copies, and about 12 digital. It's so much easier to just close one game and open another if digital. The game has to really mean something for me to buy physical.
@Lordplops dont forget Chewy.
Give the existing user base must be approaching critical mass I’m hopeful this indicates a new hardware launch. I’d sell my body for a proper announcement on that.
@PoundShopOrwell for a pound, yes?
@Lordplops Times are tough and competition is tight so yes. Wait we ARE still discussing a new Switch right?
@Brummieendo90
1st party definitely physical!
However, there are an incredible sheer amount of indie titles that are only digital.
The profit is coming from raised game prices vs. Wii era.
Also, % wise the Switch is selling more software/console
@Brummieendo90 Indie games are selling huge on the eshop. Nintendo rakes in like 30% for every purchase on the platform.
Treat customers like crap, do incredibly well!
I miss Iwata, I'd doubt any of the Presidents after him would have taken a salary cut and none have bothered to speak to their fanbase. That bried moment when Iwata was in charge was lovely, showed a new side to Nintendo that while they still made mistakes, they showed they still cared about the industry, now its all money...also I think Reggie has spoken more about Nintendo since he left than Doug Bowser has done in his career!
We're back to 80's/90's Nintendo now, only the games are not as good.
@Lord All of your numbers are to low.
Nintendo (not counting Game & Watch is at 801.48M.
Sony is at 557M.
Microsoft is at 159M.
Succesful Nintendo is BAD Nintendo. This is why they don't feel the need to drop Directs anymore, why their games output has slowed to a trickle and why they refuse to listen to their fans concerning every facet of the Switch. Look back and history and realize this to be true; when Nintendo is printing money, it does the BARE MINIMUM and it sucks.
And before anyone replies with "BuT CoViD", Nintendo develops games years ahead of time, and every game that was meant to release in 2020 was 6 months to a year close to completition. They used Covid as an excuse to back up all their games releases for this year since people were still buying switches like hotcakes.
Unbelievable numbers.
Maybe they can now afford to hire Messi for a month?
I know it won't happen but I wish they'd give a large portion of that back to their workers. Again it won't happen but I'd also like to see them take that money and revive some IPs like Mother and Eternal Darkness.
@Chamver for the time being, yeah. Until proven otherwise. from the business perspective, I can see how this makes sense. 3D world will easily double the WiiU version, maybe even triple. At least 3D world has something to make those of us who already played it consider buying it again.
@CactusMan you should keep your most loyal fan base happy tho. If you owned a WiiU or even worse, been a loyal fan since the 64, it has been pretty dry since Luigi released in October 2019. It’s like a bar owner pissing off its regulars.
I agree tho on Bowser’s Fury possibly being a marketing piece for a new franchise. That would be brilliant and a possible day one buy for me.
Well deserved too. After the stupidity of the last few years of the Iwata era they’ve really righted the ship. It’s not just Hardware sales, they’ve got the software line up right this time. That’s where the coin is.
Buying more stock on Friday !!!
Good thing Nintendo wasn't overconfident and ruined their next console the last time they were in this situation...
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