Nintendo’s quarterly earnings call took place this week, bringing updates on all things Switch-related. At this point, over 111 million Switch consoles have been sold, but sales for the quarter are down year-on-year. Still, while hardware sales may have dipped, software sales remain strong.
Nintendo is having a quietly having a great year when it comes to Switch games. At this point, Switch Sports has shipped over 4.84 million copies, while Mario Strikers: Battle League is approaching 2 million sales. Kirby and the Forgotten Land is also approaching 2 million sales. We don’t have numbers for Xenoblade Chronicles 3 yet, but the game’s positive critical reception has set it up for success. Later in the year, Nintendo software sales will be bolstered by the releases of Splatoon 3, Bayonetta 3, Pokémon Scarlet & Violet and other titles.
While Nintendo is doing well on the game front, hardware sales were down in the quarter, dropping to 3.43 million Switch units shipped. Nintendo says that supply constraints were the main cause for the drop, but the company does still expect to ship 21 million units total for the current fiscal year.
All combined, this has resulted in net revenue of $2.37 billion USD and an operating profit of $784 million.
KitGuru Says: Hopefully in the next couple of months Nintendo will hold another big Direct to cover the games coming in time for the holiday season and in early 2023.