Core Insights - Nintendo's financial results for the third fiscal quarter ended December 31 show a significant decline in hardware sales, with Switch sales down 30.1% year-on-year, totaling 4.82 million units sold [1] - The overall sales for the nine months ended December 31 reached 9.54 million units, reflecting a 30.6% decrease compared to the previous year [1][4] - The company is facing a potential decline in sales as it has announced the upcoming Switch 2 console, leading to expectations of continued decreases in current Switch sales [1] Hardware Sales - For the nine months ended December 31, 2024, Nintendo sold 9.54 million Switch hybrid consoles, down 30.6% from the previous year [1][4] - The sales breakdown includes 3.40 million units of the standard Switch, 8.17 million units of the OLED model (down 37.9%), and 2.18 million units of the Switch Lite (down 20.5%) [5] - The total hardware sales for the fiscal year were 13.74 million units, reflecting a 30.6% decline [5] Software Sales - Software sales totaled 123.98 million units for the nine months, down 24.4% year-on-year [4][5] - Notable title sales include The Legend of Zelda: Echoes of Wisdom at 3.91 million units and Super Mario Party Jamboree at 6.17 million units [2][3] - Cumulative sales for Mario Kart 8 Deluxe reached 67.35 million units, contributing to a total of 19 million-seller titles during this period [3][4] Digital and Mobile Sales - Digital sales for the dedicated video game platform amounted to 245.8 billion yen, down 29.0% year-on-year, primarily due to decreased sales of downloadable versions of packaged software [7] - In the mobile and IP-related business, sales reached 49.7 billion yen, down 33.9% year-on-year, attributed to reduced revenue from The Super Mario Bros. Movie [8] Financial Overview - Overall sales for the period reached 956.2 billion yen, with international sales accounting for 76.5% of the total at 731.5 billion yen [9] - Operating profit was reported at 247.5 billion yen, with ordinary profit at 327.1 billion yen and profit attributable to owners of the parent at 237.1 billion yen [9] Future Outlook - Despite the decline in hardware and software sales, Nintendo plans to continue releasing new titles to maintain consumer engagement with the Switch platform [10][11] - The company has revised its financial forecast based on sales trends and exchange rate evaluations, adjusting its sales expectations for the fiscal year [12] - The Nintendo Switch, which debuted in 2017, has generated over 129 million current players and is approaching 150 million units sold [13]
Nintendo sells 4.82M Switch consoles in holiday quarter, down 30.1%