Nintendo’s 9 Month Sales Drop 6% to $11.52 Billion
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Nintendo reported that revenue for the nine months ended December 31 was down 6% to $11.52 billion, compared to the first nine months of 2020.
Operating profit for the first nine months of 2021 was $4.13 billion, down 9.2% from $4.55 billion a year earlier. The company now forecasts its fiscal year ending March 31, 2022 to achieve operating profit of $4.89 billion on revenue of $14.41 billion (down 6.2% from a year earlier).
Nintendo said the Switch OLED model got off to a good start in October. The Nintendo Switch and the Nintendo Switch Lite also maintained sales momentum even after the OLED model launched.
But a year ago, Nintendo took advantage of the March 2020 launch of Animal Crossing: New Horizons, at the start of the pandemic. Animal Crossing has sold 37.6 million units to date, and much of that benefit was in 2020.
The results for 2021 are therefore lower than a year earlier.
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During the first nine months of 2021, Nintendo sold 18.95 million Switch units, a drop of 21.4% from the first nine months of 2020. Still, that was enough to push sales to 103 million, bringing the Nintendo Wii’s 101 million as the most popular console in Nintendo history.
This year, Pokémon Brilliant Diamond and Pokémon Shining Pearl sold 13.97 million copies, while Mario Party Superstars sold 5.43 million copies and The Legend of Zelda: Skyward Sword HD 3.85 million copies.
Other titles released in previous years, such as Mario Kart 8 Deluxe, also sold well, with Animal Crossing pumping another 5 million copies this year.
The Switch now has more than 103 million hardware units sold and software sales have reached 179.29 million units sold.
Digital sales were roughly equivalent to $2.2 billion. And mobile games generated $347.4 million.
Nintendo said it expects sales of all three models to grow further in the future. Pokémon Legends: Arceus just debuted and Kirby and the Forgotten Land is coming in March. Like Sony, Nintendo also noted that a global shortage of semiconductors creates uncertainty, potentially affecting manufacturing and shipping.
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