Nintendo Financial Reports Show Slightly Smaller Profits

Animal Crossing: New Horizons was the hit of 2020.

Animal Crossing Show at the Official Nintendo Store in Tokyo, June 10, 2020
Photo: PHILIP FONG / AFP (Getty Images)

Last year was a hell of a hell of a lot, but Nintendo was doing great. This time last year Kotaku reported that Nintendo earnings from April to June 2020 increased by more than 400 percent– a number that is difficult to understand even after a year. It is clear that in the same period this year it was difficult to repeat the feat.

Nintendo latest financial report not bad. Nintendo is not doing so badly. The Kyoto-based game maker makes just good… For example, Nintendo Switch sold 89.04 million pieces of hardware and 632.40 million pieces of software as of June 30. Profits are now up 400 percent, but that’s okay. However, surpass or even come close New horizonSuccess at the onset of a pandemic is difficult.

Compared to the first quarter of last year, net sales were down nearly 10 percent, while operating income was down more than 17 percent and net income fell nearly 13 percent. Digging deeper into the numbers, Nintendo sold 50.43 million units of software worldwide during the first quarter of last year, up from 45.59 million. That’s a 10.2% drop! Over the same period, hardware sales were down 21.7 percent, but these numbers can be misleading. Switch Lite sales jumped from 2.62 million to 1.14 million, down 56.7 percent – a significant drop, yes. However, regular Switch sales increased 8.3% from 3.05 million units to 3.31 million units.

Please note that all numbers mentioned above are trade numbers, which means they were acquired by Nintendo’s channel partners. Nintendo is optimistic about its end-to-end sales figures – numbers that show the hardware and software that consumers ultimately bought. “Otherwise, end-to-end sales were up thanks to a good balance of new and previously released games,” added Nintendo. However, the spectrumNS from New horizon looms throughout this financial statement.

“Nintendo Switch hardware and software sales remain solid, but overall sales are down from the same period in the previous fiscal year when Animal Crossing: New Horizons has been the main driving force behind the Nintendo Switch platform business, ”the company wrote in its latest financial statement.

“Total third-party software sales in the first quarter did not keep pace with the very strong performance of last year, when Animal Crossing: New Horizons accounted for 40 percent of the total. But if you exclude the influence Animal Crossing: New Horizons, we see that sales in the first quarter exceeded the same period last year. ” (“Q1” refers to the first quarter, which begins in April in Japan.)

Nintendo May Want to Eliminate Impact New Horizons on this financial statement, but definitely won’t return any profit anytime soon.

Animal Crossing: New Horizons was the perfect game for terrible times, taking people to a safer and more peaceful world. Gangsters were on sale in the game. It also suggests that Nintendo’s digital sales this quarter are down nearly 25 percent this quarter compared to the same period last year, because more countries were locked down last spring. Many people are stuck at home and New Horizons got a favor. This is what Nintendo points out, writing that “the share of digital sales in total sales increased significantly because the download ratio was high for Animal Crossing: New Horizonswhich has sold over 10 million units, and is mainly due to the effect of domestic measures introduced to prevent the spread of Covid-19. “

As of June 30 this year Nintendo sold 33.89 million copies Animal Crossing: New Horizons… Keep in mind that the company has sold a staggering 22 million copies Animal Crossing: New Horizons by June 2020, highlighting the popularity of the game in the months following its March launch. As successful as New Horizons is, it is not Nintendo’s best-selling Switch game as it has received the honor. Mario Kart 8 Deluxe, which amounts to $ 37.08 million. Please note that these worldwide figures include retail and detailed copies as well as complete units of software.

Even with New Pokemon Snap and The Legend of Zelda: Skyward Sword HD from and WarioWare: Get Together! slated for September, Nintendo is still forecasting lower profits than last year. 2020 was an unusual year. It was terrible, but New Horizons did this a little better

If you missed it, read Kotakuwith Animal Crossing: New Horizons overview Right here

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