Nintendo Ends Its Comeback Year With Over $9 Billion In Revenue
BARCELONA, CATALONIA, SPAIN - 2018/04/12: A group of young visitors seen playing with Mario Kart 8 Deluxe on Nintendo Switch. Opening of the 36th Barcelona International Comic Fair from 12th-15th April 2018 in Fira Barcelona Montjuïc. (Photo by Paco Freire/SOPA Images/LightRocket via Getty Images)
This past year showed Nintendo turning around its fortunes after the launch of the Nintendo Switch in March 2017, and its fiscal year wrap-up today shows a wide-scope illustration of its success. With the fastest-selling console in U.S. history, a slew of hit releases and hardware like the SNES Classic Edition, Nintendo finished the year 100% richer with $9.6 billion in revenue. Profit for the fiscal year hit $1.6 billion, which is a mind-boggling rise of over 500% year-over-year.
Nintendo shipped 15 million Switch consoles over the year, and attach rate for software continues to impress with nine titles crossing a million shipped. Super Mario Odyssey, which launched October 2017, leads the pact with 10 million sold. Within the fiscal year, Mario Kart 8 Deluxe and Splatoon 2 rounded out the top three with 9.2 million and 6 million sold respectively. The Legend of Zelda: Breath of the Wild sold 5.7 million during the fiscal year but 8.4 million lifetime, launching a month earlier with the Switch.
Of course, the Switch wasn’t the only place Nintendo pulled in revenue last year. Like its predecessor, the SNES Classic Edition rode nostalgia to the tune of 5.3 million units shipped. The Nintendo 3DS continues to stave off death with 6.4 million units moved, with Pokémon Ultra Sun and Pokémon Ultra Moon shipping 7.5 million units since launch last November. And its smart device market saw a 62% bump year-over-year, most significantly from Fire Emblem Heroes.
For the upcoming year, Nintendo is aiming even higher with forecasts of 20 million units of the Switch shipped for a total of $10.9 billion in revenue and $2 billion in profit. Lofty goals considering Nintendo launched a new Zelda and Mario last year, but the company is still sitting on some sure-fire bullets, most notably the recently announced Super Smash Bros. Its outside-the-box Nintendo Labo just launched and its confounding paid online service finally arrives this September. Even then, Nintendo still has a new Pokémon, Fire Emblem and Metroid on the horizon – and considering all the Wii U remasters from last year, it wouldn’t be too surprising to see hit titles like Super Mario Maker make their way to the Switch at some point.
In addition to announcing financial results, it was also announced that Shuntaro Furkawa would take over as the new president of Nintendo. He replaces Tatsumi Kimishima, who took over in a tentative position after the death of Satoru Iwata in July 2015.
">BARCELONA, CATALONIA, SPAIN - 2018/04/12: A group of young visitors seen playing with Mario Kart 8 Deluxe on Nintendo Switch. Opening of the 36th Barcelona International Comic Fair from 12th-15th April 2018 in Fira Barcelona Montjuïc. (Photo by Paco Freire/SOPA Images/LightRocket via Getty Images)
This past year showed Nintendo turning around its fortunes after the launch of the Nintendo Switch in March 2017, and its fiscal year wrap-up today shows a wide-scope illustration of its success. With the fastest-selling console in U.S. history, a slew of hit releases and hardware like the SNES Classic Edition, Nintendo finished the year 100% richer with $9.6 billion in revenue. Profit for the fiscal year hit $1.6 billion, which is a mind-boggling rise of over 500% year-over-year.
Nintendo shipped 15 million Switch consoles over the year, and attach rate for software continues to impress with nine titles crossing a million shipped. Super Mario Odyssey, which launched October 2017, leads the pact with 10 million sold. Within the fiscal year, Mario Kart 8 Deluxe and Splatoon 2 rounded out the top three with 9.2 million and 6 million sold respectively. The Legend of Zelda: Breath of the Wild sold 5.7 million during the fiscal year but 8.4 million lifetime, launching a month earlier with the Switch.
Of course, the Switch wasn’t the only place Nintendo pulled in revenue last year. Like its predecessor, the SNES Classic Edition rode nostalgia to the tune of 5.3 million units shipped. The Nintendo 3DS continues to stave off death with 6.4 million units moved, with Pokémon Ultra Sun and Pokémon Ultra Moon shipping 7.5 million units since launch last November. And its smart device market saw a 62% bump year-over-year, most significantly from Fire Emblem Heroes.
For the upcoming year, Nintendo is aiming even higher with forecasts of 20 million units of the Switch shipped for a total of $10.9 billion in revenue and $2 billion in profit. Lofty goals considering Nintendo launched a new Zelda and Mario last year, but the company is still sitting on some sure-fire bullets, most notably the recently announced Super Smash Bros. Its outside-the-box Nintendo Labo just launched and its confounding paid online service finally arrives this September. Even then, Nintendo still has a new Pokémon, Fire Emblem and Metroid on the horizon – and considering all the Wii U remasters from last year, it wouldn’t be too surprising to see hit titles like Super Mario Maker make their way to the Switch at some point.
In addition to announcing financial results, it was also announced that Shuntaro Furkawa would take over as the new president of Nintendo. He replaces Tatsumi Kimishima, who took over in a tentative position after the death of Satoru Iwata in July 2015.
https://www.forbes.com/sites/mattperez/2018/04/26/nintendo-ends-its-comeback-year-with-over-9-billion-in-revenue/