Nintendo FY Q4 Results!!
DOCUMENTS
Q4 FY Earnings Release (data as of March 31st, 2024)
Explanatory Materials
HIGHLIGHTS
The Nintendo Switch sold in 1.96m units in Q4
Switch LTD total has now reached 141.32m units
Nintendo beat it’s revised forecast of 15.5m units by 200k units (15.7m)
Nintendo shattered its revised software forecast of 190m units by 9.67m (199.67m)
Impressive performance for Switch in its seventh year. Nintendo's 2025 Switch forecasts are very intriguing:
Nintendo Switch FY2025 Hardware Forecast: 13.5m
Nintendo Switch FY2025 Software Forecast: 165m
Nintendo expecting to sell 13.5 million Switch units and 165m pieces of software tells me they have something cooking for the latter half of this year. We do know we are getting a Nintendo Direct next month and I am really looking forward to it after seeing these forecast numbers.
The 13.5m hardware number is wild to me. I expected a 10m forecast:
If Nintendo hits this new 13.5m forecast, that would put Switch LTD at 154.82 at this time next year. Even with Jim Ryan revising the Playstation 2’s LTD up to 160 million units very recently, it still may not be safe from the Switch after all.
Updated software numbers (thanks mazi from Installbase)
Mario Kart 8 Deluxe - 61.97M (+1.39M)
Animal Crossing: New Horizons - 45.36M (+570K)
Super Smash Bros. Ultimate - 34.22M (+550K)
The Legend of Zelda: Breath of the Wild - 31.85M (+240K)
Super Mario Odyssey - 27.96M (+310K)
Pokémon Sword and Shield - 26.27M (+100K)
Pokémon Scarlet and Violet - 24.92M (+560K)
Super Mario Party - 20.66M (+320K)
The Legend of Zelda: Tears of the Kingdom - 20.61M (+330K)
New Super Mario Bros. U Deluxe - 17.45M (+250K)
Luigi’s Mansion 3 - 14.25M (+270K)
Super Mario 3D World + Bowser’s Fury - 13.47M (+300K)
Super Mario Bros. Wonder - 13.44M (+1.48M)
Nintendo Switch Sports - 13.11M (+630K)
Mario Party Superstars - 12.89M (+580K)
Splatoon 3 - 11.96M (+250K)
Kirby and the Forgotten Land - 7.52M (+560K since September 2023)
Pikmin 4 - 3.48M (+150K)
Super Mario RPG - 3.31M (+170K)
Princess Peach: Showtime! - 1.22M
Mario vs. Donkey Kong - 1.12M
The Top 10 Best-Selling software units list (which should be top 20) is updated:
Now to wait for the Nintendo Direct in June to hopefully get some context for these bullish forecasts! In addition to software, there could actually be price cut and/or value-added bundles Nintendo could get creative with as well.