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Nintendo expects to sell fewer Switch games and hardware this fiscal year, reducing overall profits throughout the year. This could wire up the Switch exclusives.
Nintendo may Mario remastering rumors They will be the only major first-party Switch games released this fiscal year. The company has just reported stellar earnings in fiscal 2020 thanks to top sales for Animal Crossing: New Horizons and Pokemon: Sword and Shield, which increased software sales by 42%. the The strong start of 6.19 million Switch Lite It also helped boost Switch hardware sales to $ 21.03m during the year.
This momentum will not continue this year, at least Nintendo does not think so. For this fiscal year, FY2021, Nintendo released conservative forecasts. The company expects net income to drop 8.3% to $ 11.24 billion, operating income to decrease nearly 15% to $ 2.81 billion, and total earnings to fall 22% to $ 1,874 billion.
Nintendo FY2021 Orientation by the Numbers
- Net income – $ 11.24 billion (¥ 1.2 trillion) down 8.3% YoY
- Operating income – $ 2.81 billion (¥ 300 billion), 14.9% less year-over-year
- Profit – $ 1,874 billion (¥ 200 billion), 22.7% less year-over-year
Sales of Nintendo Switch hardware and software are also expected to drop, which could be simply conservative on Nintendo’s part, or could reflect what’s to come this year, e.g. A smaller blackboard. Nintendo is rumored to be releasing several Mario remasters and re-releases this year to celebrate the plumber’s 35th anniversary.
Fiscal year 2020 was lightning in a bottle with Pokémon and Animal Crossing in the same period:AC: New Horizons sold 11 million copies in 11 days and accounted for almost 7% of all Switch software sales in the year despite the launch just two weeks before the end of the fiscal year, and the fiscal year 2121 may lack big hits.
Players buy Switch consoles to play first-party titles. Only in fiscal year 2020, first-party titles accounted for 82.2% of all Nintendo Switch game sales.
Last update: May 10, 2020 at 01:45 p.m. CDT
