Nintendo has kept players interested in its aging line of Switch consoles with key games featuring characters like “Super Mario” and “Zelda.”
Charlie Triballo | AFP | Getty Images
Nintendo Friday report revenue and profit That The company’s fiscal first-quarter revenue fell sharply due to lower sales of its aging Switch console.
Here’s a look at Nintendo’s performance for the fiscal first quarter ended June 30, compared to London Stock Exchange Group’s forecasts:
- income: 246.6 billion yen ($1.65 billion), compared with expectations of 289.61 billion yen.
- net income: 80.9 billion yen, expected to be 70.73 billion yen.
Net sales decreased by 46.5% compared with the same period last year, and net profit decreased by 55.3% year-on-year.
Sales of Nintendo’s flagship Switch game console were 2.1 million units, a year-on-year decrease of 46%.
Investors are looking for news about a successor to the Nintendo Switch console to revive its gaming business. company Said before The next-generation device will be released in the current fiscal year ending in March 2025.
Nintendo has also previously stated that it expects sales of existing Switch console models to reach 13.5 million units during this period. The company maintained that forecast on Friday.
The Switch has been out for more than seven years now and is the company’s second-most successful selling console, behind the Nintendo DS. Throughout his life, Nintendo Modified the switch With better display effect and Riding the wave of popularity of games with famous characters like Mario and Zeldawhich helps maintain sales in the long term.
The impact appears to have faded. Nintendo did not release any major games in the June quarter, and the company’s software sales fell 41% from the same period last year to 30.64 million units.
The Japanese gaming giant has announced a slate of games coming in the coming months, featuring well-known characters like Mario and Donkey Kong.
Facing slowing console sales, Nintendo has also been trying to license its intellectual property for everything from movies to theme parks. The company is developing an animated “Super Mario” movie, which will be produced by Illumination and is scheduled to be released in 2026.
Despite this push, sales in the mobile and intellectual property-related business segments fell 54% from the same period last year to 14.7 billion yen.
