Sunday, 17 February, 2019

Nintendo second-quarter profit hits eight-year high, powered by Switch sales

Source Nintendo Source Nintendo
Sherri Watson | 31 October, 2018, 06:57

Nintendo posted an impressive six-month earnings on Tuesday, thanks in no small part to the company's Switch console.

The result, announced this morning, signals a continued strong reception for the Nintendo Switch, which had already exceeded its immediate predecessor, the Wii U, in lifetime unit sales.

The Nintendo Switch has surpassed 22 million units in lifetime sales, with Nintendo breaking the news in its latest financial report. First up, we have Pokemon: Let's Go, Eevee and Let's Go, Pikachu! on November 16, which is followed on December 7 by the system seller that is Super Smash Bros. Nintendo still expects to ship 20 million units by the end of March, 2019. Of course there were popular non-Nintendo titles made for the GameCube - hello, Resident Evil franchise - but the most popular games for the console were nearly invariably first-party.

The holiday season will also bring in a lot of units, but Nintendo's chances of hitting 20 million are still relatively slim. The company has also sold 111.10 million software units for the Switch.

A weak spot in the company's results remains smartphone revenues, which only came in at $165 million (up 4.7% year over year) for the same period. They have sold 5 million Switch consoles in the first six months of their fiscal year, with 3.2 million being sold in the recent quarter.

For the first six months ending on September 30, Nintendo's big software releases included "Mario Tennis Aces", which sold 2.16 million and "Donkey Kong Country: Tropical Freeze" which sold 1.67 million.

While Nintendo hasn't yet released a new Mario Kart game for the Switch, "Mario Kart 8 Deluxe" - a port of the Wii U game - is now the second best selling game on the Switch, just behind "Super Mario Odyssey".