Nintendo Annual Earnings Report Fiscal Year 2024
Nintendo FINANCIAL REPORT 2024
WILL THE SWITCH BECOME THE BEST SELLING CONSOLE OF ALL TIME?
Although the Nintendo Switch might be entering its eighth calendar year, the system is poised for a strong finale, at least according to the annual earnings report. Although the Nintendo Switch only sold 15.7 million this year, the second lowest annual total since its release year due to production limitations, the amount of players are at an all time high.
The Nintendo Switch has now sold 141.32 million units, but the staggering stat that puts the company in great position heading into the transition is that Nintendo had 123 million annual playing users, which is over 87 percent of Switch owners. If you factor in that many people, myself included have a launch model and an OLED model, the percentage of users playing is even higher. The high engagement of users is the easy explanation for how the Nintendo Switch has amassed over 1.235 billion games sold.
Heading into the final year, with the Swtich Successor speculated to be released in Spring of 2025, Nintendo is projecting to sell an additional 13.5 million units, which would bring the total sales of the Switch to 154.82 million, which would still fall short of the current best selling system of all time, which is the PS2 with 160 million. However, Nintendo does tend to usually under project to avoid disappointment, and then there will always be the people who pick up the Switch after the launch of the new system. Even though it doesn’t feel like it, the Nintendo Switch will quietly and likely become the best selling video game system of all time. Something that wouldn’t have sounded realistic after the Wii U.
Nintendo Direct June 2024 Announced
Projections to sell an additional 13.5 million units with only Paper Mario: The Thousand Year Door and Luigi’s Manson 2 HD on the calendar might be tricky, but the company has announced a Nintendo Direct for June that will feature games focused on the Switch only that are due in the second half of 2024. They also clarified that although they do plan to announce the successor before the end of the current fiscal year, which ends March 31, 2025, they wouldn’t be any talk at the June 2024 Nintendo Direct.
There is still plenty of opportunity for Nintendo to fill the calendar with enticing titles. Obviously there is the long awaited, long speculated Wind Waker or Twilight Princess ports. Switch Sports still has room to grow if Nintendo is able to add a few more sports in an update. To date, Swtich Sports has sold over 13 million copies, which is pretty amazing for a title with minimal sports and if added in a few classics like baseball or boxing, it would fly off the shelves this holiday. Metroid Prime 4 also likely wont be announced because at this point it only makes sense to simultaneously release Samus’ latest adventure on both systems.
Despite consoles sales being down this year, net sales were up 4.4 percent for a few reasons. Digital Sales were up about 10 percent from the previous year and software sales in general remained pretty strong with over 199 million games sold. New games like The Legend of Zelda: Tears of The Kingdom and Super Mario Wonder helped bolster software sales with 20.61 and 13.44 million units respectively. Then you have evergreen titles like Mario Kart 8 Deluxe that continues to sell well with an additional 8.1 million units bringing its sales to 61.97 million. Princess Peach: Showtime sold 1.22 million in 9 days before the end of the fiscal year, which might not have some of the evergreen success that other Switch titles have shown.
Nintendo have created one of the best gaming systems of all time with the Nintendo Switch. Heading into its eighth and final, the company is still able to show that the system has plenty of life left in it and likely has a few things up their sleeve for the remainder of 2024.