Nintendo revealed its Q3 financial results and conducted an earnings call Q&A this week. As is the norm for a quarterly update it didn't have any major reveals or announcements, but rather gave a state of play in terms of sales and business performance - particularly important in this case as it includes sales from the Holidays.
The overall picture was positive; Nintendo is on course for major profits this year, and increased its estimates on that score. It did reduce the anticipated Switch hardware sales by one million, but increased its software sales projection by 20 million units. Some of our coverage on the results is below.
- Switch Outsells Wii And PlayStation, Passes 100 Million Faster Than Any Other Home Console
- Here Are The Top Ten Best-Selling Nintendo Switch Games As Of December 2021
- Nintendo Drops Switch Hardware Estimate But Expects Increased Profits
- Nintendo Says It Won't Compete With Microsoft And Sony In An Acquisitions Arms Race
- Nintendo President Reiterates That Switch Is "Just In The Middle Of Its Lifecycle"
- Nintendo Reconfirms Release Windows For Major Upcoming Switch Games
- Nintendo "Has Interest" In The Metaverse But Ponders What "Fun" It Can Provide
- Metroid Dread Is About To Become The Best-Selling Game In The Series
- Talking Point: Nintendo's Mastery Of Physical Game Sales Hides Limited Digital Growth
Investors have now had a decent amount of trading time to respond the Nintendo's Q3 update, and the result is another positive for the company. In trading today Nintendo's share value finished on 58,180 Yen, up 3.62%. As you can see in the graphs below - via Bloomberg - this continues a solid trend; the share price is at its highest point in over six months, slowly recovering a decline that occurred following the reveal of the Switch OLED model (as opposed to a 'Pro') in July 2021.
We'll now wait for the year end financial results in a few months, which may also include further insight into Nintendo's plans for the rest of 2022.
[source bloomberg.com]
Comments 9
So now it's absurdly low compared to comically low.
Those graphs make absolutely no sense to a imbecile like me. Well as long as they are doing well.
The good news is Nintendo is absolutely SLAYING it on their releases being beyond superior and my best expectations. I think the Wii U was a MASSIVE stepping stone for them in regards to what we see now. This is seriously the best Nintendo console ever and I grew up starting with the NES. The Switch software is something to behold as a gamer who is nearly 50!! I never thought I would be mind blown by a Zelda game like BOTW. I enjoyed other Zelda games but BOTW was just mind boggling awesome!! Thank you Nintendo!!!!!!!!
Need to buy more while it’s still low.
It’s really strange how we celebrate these companies making all this money. I know, more money, more product. I still find it odd. It feels like people worship these corporations. I used to like reading these things, too. And would feel bad if a company was struggling (WiiU era). I used to be so invested. One day, I realize how ridiculous it all seems. 🤷🏾♂️
I think people are definitely underestimating Nintendo and what they can do with their line-up and hardware. People keep asking for a more powerful Switch, which although would be nice, isn't needed Nintendo is just giving us one of the largest and most varied 1st party line-up this generation so far, and they're selling like crazy, and people are enjoying them like crazy. Nintendo is making great games, and people are buying them. That's the bottom line
Nintendo Switch will Definitely Outsell the ps4 and gameboy/gameboy color THIS YEAR for Sure! And I'll Enjoy it!
Well, I'm a Nintendo fan and a Nintendo shareholder, so this sure works for me. And even when the share price tanks, I can still tell people I own a piece of Nintendo.
@SuperZeldaFun Yeah, I know. For being so good at making money they are surprisingly bad at it sometimes. And sometimes it is definately down to not listening to what the audiences want. It’s definately a big missed opportunity if they don’t release a switch pro. And an even bigger missed opportunity if they don’t release a Mario Kart 9 for Switch. Imagine how many millions of games that would sell and more switches on top of that. An announcement of Mario kart would definately be welcomed by the stock market and make the share go BOOM!
Tap here to load 9 comments
Leave A Comment
Hold on there, you need to login to post a comment...