Nintendo reports lower profits as demand drops for its aging Switch console

[Edge Guerrero]

BY YURI KAGEYAMA
Updated 6:33 AM BRT, November 5, 2024

TOKYO (AP) — Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.

Kyoto-based Nintendo Co. reported a 108.7 billion yen ($715 million) profit for the April-September period, as sales slipped 34% from the previous year to 523 billion yen ($3.4 billion).

More than 74% of its sales revenue came from overseas, according to Nintendo, which didn’t break down quarterly numbers.

Global Switch sales during the period dropped to 4.7 million machines from 6.8 million units the previous year.

But Nintendo said in a statement that Switch sales were still growing and vowed to stick to its goal of selling a Switch console to each and every individual, not just one Switch per every household.

Nintendo stuck to its earlier projection for a 300 billion yen ($2 billion) profit for the full fiscal year through March 2025, down nearly 29% from the previous fiscal year.

Annual sales were forecast to drop 23% to1.28 trillion yen ($8.4 billion).

It also lowered its Switch sales projection for the fiscal year to 12.5 million units from an earlier forecast to sell 13.5 million.

Nintendo and other game and toy makers rake in their biggest profits during the Christmas shopping season, as well as New Year’s, a holiday celebrated with fanfare in Japan, when children receive cash gifts from grandparents and other relatives.

Nintendo has not yet announced details on a successor to the Switch.

Among its million-seller game software titles for the fiscal half were “Paper Mario RPG,” which sold 1.95 million units since going on sale in May, and “Luigi Mansion 2 HD,” hitting nearly 1.6 million in sales.

Overall, more than 70 million Switch games were sold during the period, for a total of nine titles that became million-sellers, including products from third-party manufacturers, or makers that aren’t Nintendo.

Still, that was down from more than 97 million games sold the previous year.

The release of a Super Mario Brothers movie lifted sales in the previous fiscal year, while the absence of such a movie this fiscal year negatively impacted the latest results, Nintendo said. Revenue also declined in its mobile-game offerings and IP-related businesses, it said.

https://apnews.com/article/nintendo-earnings-games-japan-switch-sales-d8b157c78cae046daa2372b8b03c52ef

[Canuckster]

There is a new switch console coming this year soon

[Masato]

There is a new switch console coming this year soon

My sister in law says she is gonna buy it.

We play Mario Kart here sometimes together, it's the only game I play anymore but its super fun imo

I always thought it was interesting how Nintendo stayed in their lane and was always coming up with their own style of family-based console. You'd think the market would just be to keep up with whatever the best games are, but Nintendo kept to their brand.

I thought that Wii was kinda stupid though. Did anyone buy it?

I hope they keep doing well. I bought my first original NES when it first came out and always had a loyalty to the brand.

There was this kid in my old BJJ club that competed a lot and won a lot. He was really smart and would string together complex moves and out-chess all the other kids at the tournaments with a dead face. The coach nicknamed him 'Nintendo'


By the way I would slay anyone here at MArio Kart/ just sayin'

[Edge Guerrero]

There is a new switch console coming this year soon

- I know. I'm pumped. Love plataform games. It's widelçy acceptted that people that play platafdorms are far smarter than FPS weirdos.

[Edge Guerrero]

There is a new switch console coming this year soon

My sister in law says she is gonna buy it.

We play Mario Kart here sometimes together, it's the only game I play anymore but its super fun imo

I always thought it was interesting how Nintendo stayed in their lane and was always coming up with their own style of family-based console. You'd think the market would just be to keep up with whatever the best games are, but Nintendo kept to their brand.

I thought that Wii was kinda stupid though. Did anyone buy it?

I hope they keep doing well. I bought my first original NES when it first came out and always had a loyalty to the brand.

There was this kid in my old BJJ club that competed a lot and won a lot. He was really smart and would string together complex moves and out-chess all the other kids at the tournaments with a dead face. The coach nicknamed him 'Nintendo'


By the way I would slay anyone here at MArio Kart/ just sayin'

- Nintendo games became a part of people lives, like old Disney cartoons, i think it's almost impossinble nothing having found memories of play Snes.

[Canuckster]

There is a new switch console coming this year soon

My sister in law says she is gonna buy it.

We play Mario Kart here sometimes together, it's the only game I play anymore but its super fun imo

I always thought it was interesting how Nintendo stayed in their lane and was always coming up with their own style of family-based console. You'd think the market would just be to keep up with whatever the best games are, but Nintendo kept to their brand.

I thought that Wii was kinda stupid though. Did anyone buy it?

I hope they keep doing well. I bought my first original NES when it first came out and always had a loyalty to the brand.

There was this kid in my old BJJ club that competed a lot and won a lot. He was really smart and would string together complex moves and out-chess all the other kids at the tournaments with a dead face. The coach nicknamed him 'Nintendo'


By the way I would slay anyone here at MArio Kart/ just sayin'

Oh it's on motherfucker

[Edge Guerrero]

Oh it's on motherfucker

- I've read they're bringing back Banjoo and Kazooi. You know if its true?

[Canuckster]

Maybe, that's a rare IP and they're owned by Xbox so it's unlikely