The company’s profits decline compared to 2020 due to the momentum of Animal Crossing.
Nintendo has published this morning his financial report with the results of the first quarter of its fiscal year, between April and June 2021. A quarter in which the Nintendo Switch consoles have sold like hot cakes, as is usual for them, with which the hybrid machine reaches a new sales milestone: Nintendo Switch exceeds 89 million consoles sold.
In 2020 there was record income due to the pandemic and the success of Animal CrossingStill, Nintendo’s overall figures are fairly typical for the period, with a slight decline compared to 2020. In total, the Kyoto company closes the quarter with about net income of 322,647 million yen (2,485 million euros), representing a decrease of 9.9% compared to the same quarter of 2020. In the same way, operating income (119,752 million yen / 922 million euros) also fell by 17.3% and profits from the quarter (128,610 million yen / 990 million euros) fell by 14.4%.
It’s a predictable decline, given that the first quarter of 2020 was a record for the company thanks to the pandemic, doubling the results of 2019, so these figures are still great news for them. In this, Nintendo also mentions that the 2020 data was driven by the unusual success of Animal Crossing: New Horizons, whose effect is not so present in 2021.
Nintendo sells 4.45 million consoles
During this first quarter, Nintendo has sold a total of 4.45 million Nintendo Switch all over the world and 45.29 million games for their consoles. Both game and console sales have decreased compared to 2020, again due to the Animal Crossing effect, where console sales fell by 21.7% and game sales by 10.2%. Since the Big N will launch its new Nintendo Switch OLED in the fall, there will be a need to be pending the effect that your ad may have in console sales for the second quarter (July – September).
New Pokémon Snap has sold 2.07 million gamesBut back to the report, the company reveals that New Pokémon Snap has sold 2.07 million games as of June 30. Other outstanding releases are Miitopia on Switch, with 1.04 million sales, and a Mario Golf: Super Rush that reaches 1.34 million units in its first month of life. In terms of catalog titles, Mario Kart 8 Deluxe continues to be the console’s best-selling game to date, adding 1.69 million copies this quarter for a total of 37.08 million games sold. Next on the Animal Crossing: New Horizons list with 33.89 million units, after adding another 1.29 copies in the period.
Beyond Nintendo exclusives, a total of 9 third-party games sold over 1 million units in the quarter. We move on to the digital realm, where Nintendo claims that “exclusively downloadable content and subscriptions to Nintendo Switch Online have sold well,” but that digital sales are down overall compared to 2020, for a total of 75.9 billion yen entered. (-24.9%). Again, the effect of confinements must be taken into account. As for mobile games, these operate without much change: they represent a revenue of 13.1 billion yen, with an annual change of -0.6%.
Going forward, Nintendo keeps intact its forecasts for the fiscal year that we learned about in the May report. The company will launch the new WarioWare: Get It Together !, in the current quarter, in addition to having already published a The Legend of Zelda: Skyward Sword HD that has been present in the best-seller lists inside and outside Japan. “We will work to keep the platform active with new games and strengthening sales of popular titles that have already been released,” adds Nintendo.
We will work to keep the platform active with new games“Too we will seek to expand sales of Nintendo Switch adding a new model equipped with a vibrant OLED screen in October. “On this topic, Nintendo says that the global shortage of semiconductors” creates a state of constant uncertainty, with the possibility of impacting production and distribution in the future. ” although they promise to take the necessary measures so that their businesses do not suffer problems.
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