Nintendo sales

Nintendo sales can’t keep up with last year’s lockdown boom

If there’s one downside to an unexpected and massive spike in success, it’s that when things get back to normal, it can look worse in comparison. This is the “problem” Nintendo is currently facing as it releases its most recent quarterly report, reflecting the fact that the world has changed again. In the three months to June 30, the company posted operating income of 119 billion yen, which is roughly $ 1.1 billion. This is, however, a decrease of 17.3% from the 144 billion yen ($ 1.3 billion) posted at the same time last year, when people were forced to spend significantly more time. inside.

The other difference from last year is the lack of a Nintendo brand title to attract users like in 2020. Animal Crossing: New Horizons was (according to some analysts) the third best-selling game of the year, which also led to sales of new Switch consoles to buyers looking to jump into the action. In reality, New Horizons is still a top-selling title, with 1.26 million units sold in this quarter, a year after its initial launch. And Nintendo’s total software sales were only 10.2% lower than the trade it made in the same period last year.

Funny enough, Nintendo released a graphic in its financial report showing that if you delete the Animal crossing peak, its software sales have grown steadily since at least 2018. The fact that investors are still apparently nervous about Nintendo’s future – to the point where Bloomberg reports the company will buy back shares to cover the gap in declining sales – shows the disconnect between Wall Street and the world we live in. But the company hasn’t changed its sales forecast or plans for the rest of the year, so is its confidence in its business.

Nintendo’s financial health is going to look a lot rosier in the second half of 2021 anyway, with a number of headlines released and coming out soon. The HD remake of Zelda: the heavenly sword is not covered in this report, and WarioWare: Gather decline in September. October sees the launch of Terror Metroid and Mario Party Superstars, while November sees the launch of Shiny Diamond Pokémon and Shiny pearl. Plus, you know, there’s the OLED switch and the Zelda game and watch that come in to boost hardware sales.

Not to mention that next year should include a third Splatoon game, a series of Zelda: Breath of the Wild and a new entry in the Mario + Rabbids series. And what investors seemingly forget is that if we’re all asked to start traveling to work again, we’re more likely to be tempted to bring those Switch consoles that some people have bought by. panic at the beginning of last year. Which will require a constant stream of new games to keep their fingers entertained while sitting on the bus or subway.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through any of these links, we may earn an affiliate commission.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *