better to be conservative and surpass forecasts
Nintendo's earnings report for the 1st quarter of the fiscal year ending March 31st 2024 has been published, this covers the three month period from April 1st to June 30th 2023. The Nintendo Switch shipped 3.91 million units of hardware and 52.20 million units of software bringing lifetime totals to 129.53 million for hardware and 1088.35 million for software.
Year over year quarter 1 hardware sales are 14% (0.48 million) up from 3.43 million and software sales are 21% (10.79 million) up from 41.41 million.
Two titles sold over 1 million units this quarter - New release Legend of Zelda: Tears of the Kingdom (18.51 million) plus evergreen juggernaut Mario Kart 8 Deluxe (1.67 million).
Nintendo maintain their forecast of 15 million units of hardware and 180 million units of software shipped for the fiscal year ending March 31st 2024.
Hardware
Switch Hardware Q1: 3.91m
Regional Split Q1: Japan 1.20m, America's 1.18m, Europe 940k, Other 580k
Model Variants Q1: Standard 640k, Lite 430k, Oled 2.83m
Switch Hardware Total: 129.53m
Regional Split Total: Japan 30.79m, America's 50.18m, Europe 33.53m, Other 15.02m
Model Variants Total: Standard 90.23m, Lite 21.45m, Oled 17.85m
Global Shipment History
Software
Switch Software Q1: 52.20m
Regional Split Q1: Japan 9.02m, America's 22.71m, Europe 13.32m, Other 7.16m
Tie Ratio Q1: 13.35
Switch Software Total: 1088.35m
Regional Split Total: Japan 209.18m, America's 478.97m, Europe 314.23m, Other 85.97m
Tie Ratio Total: 8.40
Global Shipment History
A couple of things to note, For first time in Switch's history the America's region did not ship the most hardware units in a quarter and This was Switch's best Software total ever in Q1.
nah I dont think it makes much difference. I think they already know when they want the switch 2 to be released
I'm not seeing a point in the Switch's tenure where Nintendo has said, 'Alright, it's time to move on the next big thing.' It has yet to have even shown any chinks in its armour and has been a phenom the entire 6 plus years it's been on the market.
yeah its doing well but they will be looking at thos PS5 numbers and thinking that could be us soon. Remember it did have a boost because of Zelda, and after Super mario wonder will give it another small boost but you wouldn't want the next big mario, Zelda, Metroid, pokemon game to be a switch exclusive.
I assure you all they're looking at is that they just had their biggest Q1 ever in terms of revenue and profits. Nintendo rarely look to the competition and if they did they would be more focused on being on the cusp of having the best selling platform ever.
I don't think that Wonder's going to be doing anything near those kind of numbers, purely because once Switch 2 is unveiled it will inevitably take the wind out of its sails a bit, but it'll still do really well, certainly enough to justify a release now as opposed to at the launch of their next console.
Yup. ($1.3B o.profit ÷ $3.2B revenue) × 100 = 40%. I think this is the highest profit margin Nintendo ever achieved. Previous quarters or fiscal years only achieved more than 30%
Lol, Nintendo out shopping for a bigger War Chest right now
No, I did not. I guess it's my bad for not providing a source. 159M is the lower (but most likely) threshold, by the way.
www.resetera.com
Ok, "many" was bad word choice on my behalf. Unfortunately we don't have enough detailed data to make such claims.
No, the difference is Nintendo actually provides transparent and up-to-date numbers for their platforms (see source below), unlike Sony, which shipped additional PS2 units after their last official report of 155M and mixed them in their reporting with other platforms'.
It's didn't matter because Switch will sold 160M, another 30M more from Q1 result with price reduction card in playNo, the difference is Nintendo actually provides transparent and up-to-date numbers for their platforms (see source below), unlike Sony, which shipped additional PS2 units after their last official report of 155M and mixed them in their reporting with other platforms'.
IR Information : Sales Data - Dedicated Video Game Sales Units
www.nintendo.co.jp
145M at the end of fiscal.
Oh so this is a race for the #1 spot. I see. With all due respect, I think that is more important to fans than the companies, which only care about making more money.
You kind of said it here yourself. The Switch is in a very uniquely healthy position this far in the life cycle. When it comes to home consoles in particular Nintendo did not really need to kill them off - they were usually dead in the water well before the successor released and it was not feasible in any way for Nintendo to support the previous system.
I strongly agree with the bolded. If Nintendo wanted to sit around and pat themselves on the back, there are already many metrics that they can look at as a business and claim the Switch is more successful than the PS2 (faster selling, profits, no price drops, first party game sales ect.) but we know that's not even Nintendo's style. They are not focused on Sony or chasing console wars records at all. However, I think Switch 2 is further away than most people expect and it will surpass PS2 anyway.
The 3DS sold almost 10M in the 2 and a half years it was on the market after Switch's launch. You are also underestimating the holiday season, the Switch has yet to sell less than 7.2M units in Q3, difficult to see it this year when SMBWonder will be released in the same year the movie hits. what we will likely see is over 5M in Q2 and Q4 combined, with ~8M in Q3, putting the yoy flat, giving us 143M+ by the end of March, Nintendo usually launches a cheaper model at the end of a successful console's life, we have seen this with the NES, SNES, Wii, Gameboy, GBA, DS and 3DS.
