Nintendo’s profits increase as Switch’s lifetime sales approach 85 million

Nintendo’s net sales and profits increased thanks to bumper switch hardware and software sales.

According to the full-year financial report for the fiscal year ending March 2021, sales increased 34.4% year-on-year to 1,750 billion yen ($ 16.2 billion) and profit increased 85.7% to 480.3 billion yen ($ 4.4 billion). .. Over that same period.

Switch hardware sales increased 37.1% year-on-year to 28.83 million units, and console lifetime sales reached 84.59 million units. This rise was fueled by the sale of “powerful” switch software, which reached 230.8 million units throughout the year. This is an increase of 36.8% over the previous year.

Digging into these numbers, Nintendo found that 8.51 million of these hardware sales came from Switch Lite and the remaining 20.32 million came from the original Nintendo Switch sales.

In terms of software, digital revenue accounted for 42.8% of total software revenue, up 8.8% year-on-year. According to the company, sales of download-only titles and Nintendo Switch Online-related sales were also “strong,” and digital sales increased 68.5% year-on-year to 344.1 billion yen ($ 3.1 billion).

Title like Animal Crossing: New Horizons (Sales in FY2009 were 20.85 million units), Mario Kart 8 Deluxe (Sales in FY2009 were 10.63 million units), Ring Fit Adventure (Sales of 7.38 million units in FY2009) was the largest seller of the year.

Looking at Nintendo’s mobile business, mobile and IP-related revenue increased 11.3% year-on-year to 57 billion yen ($ 521.8 million), “many consumers continue to enjoy mobile applications.” Said.

Nintendo expects sales of 1.6 trillion yen ($ 14.6 billion) and profit of 340 billion yen ($ 3.1 billion) at the end of the next fiscal year ending March 2022. “We will continue to convey the appeal of hardware and software and maintain a high level of sales momentum.”

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