Nintendo Switch & Pokémon Star in Nintendo's Financial Report
28 April 2017, 01:16 | Myrtle Hill
In total, 2.76 million copies of the game were sold for Switch (plus a further 1.08 million copies on Wii U, making a total of 3.84 million copies sold).
Finally, Wii U sold 760k units during the last 12 months - a decrease of 77 per cent year-on-year, as focus shifts to Switch. The title, which many have called the best in the series' 30-year history, flew off shelves-Nintendo sold 925,000 copies, dwarfing even the number of Switch units sold. That's 390,000 copies of Breath of the Wild Switch for Japan (120,000 copies for the Wii U version), and 2.37 Switch copies overseas (960,000 Wii U copies). The new official sales figure is 2.74 million units sold as of the end of March, along with 5.46 million software units.
"Since the March 3 Switch launch, Nintendo has outperformed TOPIX, but probably not beyond the point where pre-launch expectations are priced in; we doubt the success/failure of the real game console cycle is properly reflected", the analyst says.
It all started with incredible sales over the launch weekend at the beginning of March. And Nintendo expects to sell about 35 million Switch games, overall, in the coming fiscal year. Nintendo released its fiscal earnings for 2016 on Thursday, April 26, which most likely included the global hard sales numbers for Nintendo Switch.
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Profit from a new console typically peaks a couple of years after launch when there is a wide choice of game titles. Nintendo's latest financial results show that as of the end of March it's shipped 2.74 million consoles. Nintendo expects to sell 10 million units for the current financial year.
At the same time, the 3DS is also motoring along nicely. Amiibo sales also remained at 9.1m units for the figurines, while Nintendo's card-based amiibo hit 9.3m. But the one big thing Nintendo doesn't have their toes in yet that the rest of the gaming world appears to have embraced is virtual reality.
"The Switch is proving to be very competitive, and we anticipate strong sales for core game titles, boosting our conviction in OP growth through F3/20".
One such bet is with the company's mobile games, Super Mario Run and Fire Emblem. Nintendo 3DS software sales volume saw a 14 percent increase year-over-year to 55.08 million units. Profits were helped by a weaker Yen. That's followed by Arms (a quirky boxing game) on June 16, and Splatoon 2 (a shooter, only with paint) on July 21.
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Churn, or customer defections, was 1.18 percent, compared with the average analyst estimate of 1.27 percent according to FactSet. COPYRIGHT VIOLATION NOTICE: This report was posted by Transcript Daily and is the sole property of of Transcript Daily.
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