Nintendo Revenue Soars As Switch Console Sales Approach 5 Million Units
Nintendo might not have been in dire straights before the launch of its hybrid Switch console, but it is at least fair to say the company was in need of a win. It is not as though the Wii U was flying off store shelves by any stretch of the imagination. The Switch is, however, to the tune of 4.7 million units sold since its release in March. Nintendo was able to keep the sales momentum going into its financial first quarter.
After having sold 2.47 million Switch consoles in the month of March, which capped off Nintendo's previous quarter, the Japanese electronics maker was able to sell an additional 1.97 million units for the three month period ended June 30, 2017. The company is now halfway to its goal of selling 10 million Switch consoles by the end of its fiscal year. Barring an unexpected steep drop off in sales, Nintendo is very likely to meet and exceed that goal.
Strong sales, both in hardware and software, contributed heavily to Nintendo posting revenue of 154.07 billion yen (around $1.38 billion) during the quarter. That put Nintendo in the black with an operating profit of 16.21 billion yen (around $145 million).
One of Nintendo's best selling software titles has been The Legend of Zelda: Breath of the Wild, which it released to both the Switch and Wii U. At one point, the Switch version was outselling the actual console, as some people bought the game in anticipation of eventually buying the hardware.
Sales of Breath of the Wild are no longer outpacing the Switch, though demand remains high. Nintendo said it sold an additional 1.6 million Breath of the Wild copies during its fiscal first quarter, bringing the cumulative total to 3.92 million. It also sold 3.54 million copies of Mario Kart 8 Deluxe. Altogether, software sales volume for the Switch reached 8.14 million units during the quarter, Nintendo reported.
Looking ahead, Nintendo will ride the success of the Switch with a few much anticipated titles, including Splatoon 2 (launched last week) and Super Mario Odyssey (due out in October). Nintendo said "there are several big titles from other software publishers" that are planned for next quarter as well.
After having sold 2.47 million Switch consoles in the month of March, which capped off Nintendo's previous quarter, the Japanese electronics maker was able to sell an additional 1.97 million units for the three month period ended June 30, 2017. The company is now halfway to its goal of selling 10 million Switch consoles by the end of its fiscal year. Barring an unexpected steep drop off in sales, Nintendo is very likely to meet and exceed that goal.
Strong sales, both in hardware and software, contributed heavily to Nintendo posting revenue of 154.07 billion yen (around $1.38 billion) during the quarter. That put Nintendo in the black with an operating profit of 16.21 billion yen (around $145 million).
One of Nintendo's best selling software titles has been The Legend of Zelda: Breath of the Wild, which it released to both the Switch and Wii U. At one point, the Switch version was outselling the actual console, as some people bought the game in anticipation of eventually buying the hardware.
Sales of Breath of the Wild are no longer outpacing the Switch, though demand remains high. Nintendo said it sold an additional 1.6 million Breath of the Wild copies during its fiscal first quarter, bringing the cumulative total to 3.92 million. It also sold 3.54 million copies of Mario Kart 8 Deluxe. Altogether, software sales volume for the Switch reached 8.14 million units during the quarter, Nintendo reported.
Looking ahead, Nintendo will ride the success of the Switch with a few much anticipated titles, including Splatoon 2 (launched last week) and Super Mario Odyssey (due out in October). Nintendo said "there are several big titles from other software publishers" that are planned for next quarter as well.
