We talk often about how successful Nintendo has been with the Switch, and overall game sales on the platform. Their latest fiscal results reaffirm their success.
Here’s a breakdown of the key figures from the report they released earlier today. Data below courtesy of Daniel Ahmad:
- The Switch has no sold-through 84.59 million units in 49 months since launch.
- When launch aligned, this is outpacing both the Wii and PS4.
- It is also on pace to surpass 100 million units faster than both the Wii and PS4.
- Overall revenue was $16.59 billion, the highest since fiscal year 2008-2009 and up 34.4% year over year.
- Operating profit was $6.04 billion, the highest ever for Nintendo and up 81.8% year over year.
- Profit reaching 36.4% of revenue is also a record.
- 54.77 million units of software were sold in the quarter, up from 45.58 million in the same quarter the prior year.
- Surprisingly, physical game sales still represent 57.2% of total software sales.
- Nintendo is investing heavily into Research and Development, with $880 million spent (their most ever).
Our Take
Nintendo just doing what Nintendo does. The Switch representing both the console and handheld market in one has been a boon for them and it continues to blow away expectations. We love seeing the larger investment in R&D and we truly hope we see improvements to overall online support and infrastructure in the future.