Nintendo’s Q2 Financials
Nintendo’s Q2 financials dropped earlier this month. The information in the Explanatory Material and Policy Briefing is pretty juicy as well. Let’s have a look…
First, the Switch moved 2.93m units during the summer (a 9.85% decreases YoY). The Switch’s life-to-date sales total now stands at 132.46m. While the Switch is down YoY in the quarter, it is up YoY overall for the first half of the fiscal year (6.84m units).
They’re nearly halfway at the 15m projection with Q3 incoming. I believe they’ll do better than 15m despite not revising upwards. If and when Nintendo hit’s their 15m unit forecast, that would put the Switch at around 140m units total.
In terms of software, the Switch is just so impressive. The console has a very active base that loves to buy games. Nintendo actually increased their software sales projection from 180m to 185m. Here are updated LTD sales totals (shout out to mazi at InstallBase for compiling these figures every quarter):
Mario Kart 8 Deluxe - 57.01M (+1.55M)
Animal Crossing: New Horizons - 43.38M (+590K)
Super Smash Bros. Ultimate - 32.44M (+670K)
The Legend of Zelda: Breath of the Wild - 31.15M (+500K)
Super Mario Odyssey - 26.95M (+510K)
Pokémon Sword and Shield - 26.02M (+100K)
Pokémon Scarlet and Violet - 23.23M (+570K)
Super Mario Party - 19.66M (+270K)
The Legend of Zelda: Tears of the Kingdom - 19.50M (+990K)
New Super Mario Bros. U Deluxe - 16.70M (+530K)
Super Mario 3D World + Bowser’s Fury - 12.58M (+1.2M since March 2023)
Mario Party Superstars - 11.44M (+1.27M since March 2023)
Nintendo Switch Sports - 10.77M (+1.17M since March 2023)
Pikmin 4 - 2.61M
Pikmin did very well and should hit 5m easily. ToTK was shipped massively at launch, so just under a million units shipped this past quarter makes sense. It will have its first holiday season to really rack up sales this quarter.
The Super Mario Bros. Movie had a huge impact on evergreen Mario-related titles and mobile apps.
As as such, more Mario titles are on the way, including a remaster of The Thousand-Year Door which I’m so psyched for!
Super Mario Bros. Wonder got off to a good start. It should do crazy numbers during the holidays.
Q3 results will make or break the projections for both Nintendo and Sony. I’m really looking forward to seeing how both perform in this current quarter.