Game news While waiting for the Switch 2, Nintendo's profits are falling. Everyone is waiting for the next console!
Published on 05/11/2024 at 11:30
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All good things come to an end. Released in 2017, the Nintendo Switch is selling less and less. While waiting for the Japanese firm to release the next model, the group's financial results show a decline in profits.
A Switch that sells less and less
Although the slowdown in Switch sales was expected, it still surprised Nintendo. The Kyoto firm posts financial results lacking dynamism, with turnover and net profit falling compared to the same period of the previous year. For the six months preceding September 30, 2024, operating profit amounted to 121.5 billion yen, compared to 279.9 billion yen in the six months ending September 30, 2023, a decrease of 56%. .
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“Console and game unit sales declined significantly year-over-year” recognizes Nintendowhich was unable to benefit from a title as strong as The Legend of Zelda: Tears of the Kingdom during this fiscal half-year to give a boost to profits. 4.7 million Switches were sold during this half-year, compared to 6.8 million units sold during the same period last year. On the games side, Paper Mario The Millennium Door, released in May, sold 1.94 million units, Luigi's Mansion 2 HD, released in June, sold 1.57 million units, and The Legend of Zelda: Echoes of Wisdom, released in September, sold 2.58 million copies.
A Switch 2 that is waiting for more and more
Faced with this faster slowdown than the manufacturer had initially envisaged, Nintendo has revised its sales forecast downwards. Nintendo has in fact declared that it expects to sell 12.5 million Switches during its fiscal year: this is a little less than the 13.5 million sales envisaged. The Kyoto firm also revised downwards (-10%) its operating profit forecast for the entire financial year.
Everyone is now waiting for information on the Switch 2: players, obviously, but also and above all investors who hope that the future console will revitalize Nintendo's games activity. How long will we have to wait? Nobody knows. Officially, the manufacturer declared that the successor to the Switch would be announced during its fiscal year, which ends, as a reminder, in March 2025.
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