Nintendo lowers FY forecast as sales drop 31% to $6.1bn
Nintendo has released its financial results for the nine months ending December 31, 2024, recording a continued decline in hardware and software sales as the firm prepares for the release of the Switch 2 this year.
Here's what you need to know:
For the nine months ending December 31, 2024
Nintendo recorded a 31.7% drop in sales on its dedicated platforms to ¥895.5 billion ($5.7 billion), which includes hardware, software, and accessories.
Its mobile and IP-related sales also experienced a decline of 33.9% to ¥49.7 billion ($320 million), which it attributed to a decrease in revenue generated by the Super Mario Bros. Movie.
Looking at hardware, the Switch shipped 2.74 million units during the nine months ended in December 2024, down 19.4% year-on-year compared to the 3.4 million units sold during the same period in the previous fiscal year.
The Switch Lite moved 1.73 million units, marking a 20.5% decline, having previously sold 2.18 million units. However, Nintendo highlighted that sales of the Hyrule Edition of the console bundled with software "showed steady growth" during the holiday season.
The OLED model shipped the most units out of the three at 5.07 million units, but this marked a decrease of 37.9% year-on-year compared to the 8.17 million units sold during the nine months ended December 2023.
Nintendo noted that despite this Q3 decline in hardware and software unit sales, they have remained "stable" given that the Switch is in its eighth year.
In terms of software, sales declined by 24.4% year-on-year to 123.98 million units. However, sales "grew steadily" for new titles including The Legend of Zelda: Echoes of Wisdom and Super Mario Party Jamboree.
Super Mario Party Jamboree had a particularly successful launch, having surpassed 5.6 million units during its first eleven weeks – performing better than its predecessors, Super Mario Party and Mario Party Superstars, during the same period.
Super Mario Party Jamboree has sold a total 6.17 million units since its
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