informa
/
Business
News

Switch continues to drive sales and profits at Nintendo

Sales and profits are up at Nintendo thanks to the continued success of the Switch, which has now officially outsold the Wii U. 

Sales and profits are up at Nintendo thanks to the continued success of the Switch, which has now officially outsold the Wii U

According to Nintendo's latest financials for the nine months ended December 31, 2017, sales increased by 175.5 percent year-over-year to 857 billion yen ($7.87 billion), while profits rose by 31 percent to 135 billion yen ($1.23 billion) during the same period. 

Nintendo attributes a good chunk of that growth to the youngest member of its console family, and explained that Switch sales "rose substantially" during the holiday season. 

Indeed, the hybrid console sold 7.23 million units during the last quarter alone, taking lifetime sales to a cool 14.86 million units. 

Switch software has also been performing well. Super Mario Odyssey has sold 9.07 million units since launching in October, while other first-party titles like Mario Kart 8 Deluxe and Splatoon 2 have sold 7.33 million units and 4.91 million units respectively. 

The system also gave Nintendo's download business a shot in the arm, with "brisk" digital sales on the Switch helping to bump up the company's total download revenue by 87 percent to 43.1 billion yen ($395.7 million).

Turning our attention towards the 3DS, hardware sales decreased by 9 percent year-over-year to 5.86 million units. 3DS software sales also took a hit, tumbling by 33 percent to 31.25 million units. 

Meanwhile, over on the mobile front, Nintendo saw smart device and IP related income rise by 172 percent to 29.1 billion yen ($267.1 million). 

Looking ahead, Nintendo has made positive changes to its full-year financial forecast in light of recent sales performances, and now expects to see sales and profits hit 1.02 trillion yen ($9.36 billion) and 120 billion yen ($1.1 billion) by March 2018.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more