Nintendo Q1 profits decline 55% as the Switch nears the end of its lifecycle
gamesindustry.bizNintendo reported a significant decrease in sales and net profit for the first quarter of FY2025, in what marks the eighth year of the Nintendo Switch console.
The publisher saw decreases across all segments, which it attributed to Q1 2025 being relatively quiet in terms of releases compared to the same period last year, which saw the launch of The Legend of Zelda: Tears of the Kingdom.
For three months ended June 30, 2024:
Sales on Nintendo's platforms were down 46.4% to ¥229 billion ($1.5 billion), including hardware, software, and accessories. Mobile and IP-related sales also fell by 53.8% to ¥14.7 billion ($98.6 million).
Nintendo noted that during the first quarter of the previous fiscal year, both software and hardware sales were boosted by the releases of The Legend of Zelda: Tears of the Kingdom and The Super Mario Bros Movie.
It attributed the decrease in units sales of hardware and software to there being no "special factors" like this during Q1 2025, and also highlighted that the Switch is in its eighth year since launch.
Speaking of hardware, unit sales for the Switch family dropped 46.3% year-on-year to 2.1 million units.
The standard model moved 530,000 units, a decrease of 18.4% compared to the 640,000 units sold during the same period last year. The Switch Lite shipped 330,000 units, a decrease of 23.3% compared to the previous figure of 430,000 units sold in the three months ended in June 2023.
It was the OLED model that sold the most during this period at 1.24 million units, but this was down 56.1% compared to the 2.83 million units sold during Q1 2024.
As for software, unit sales declined 41.3% year-on-year to 30.64 million units compared to the 52.21 million units shipped last year.
Released in May, Paper Mario: The Thousand Year Door sold 1.76 million units, while Luigi's Mansion 2 HD sold 1.19 million units after its release in June.
Princess Peach: Showtime, which was released during the previous fiscal year, posted a cumulative sell-through of over
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