Nintendo profits fall year-on-year as Switch has sold 89 million

Nintendo has released its earnings for the April-June quarter, and while the numbers would normally be strong for a generally slow period, both sales and earnings are lower than a year ago. That’s perhaps not surprising given that the company had a huge demand for video games back then during the first wave of the COVID-19 pandemic and had just released the mega hit. Animal Crossing: New Horizons.

In comparison, Switch hardware sales fell 21.7 percent to 4.45 million units and software sales fell 10.2 percent to 45.29 million units. Nintendo has now sold a total of 89.04 million Switch consoles; by comparison, the PS5 has just hit 10 million. Revenue fell 9.9 percent to 322.6 billion yen ($2.94 billion), while operating profit was 119.6 billion yen ($1.09 billion), a 17.3 percent year-over-year decline.

Unlike last year, when Nintendo sold more than 10 million copies of Animal Crossing to nearly double the numbers from the previous quarter, there were no blockbuster Switch titles to count on. New Pokemon Snap 2.07 million copies sold outside of Japan (the game is published in its home market by The Pokémon Company) and Mario Golf: Super Rush sold 1.34 million — Animal Crossing, meanwhile added an additional 1.26 million copies to the total. Nearly 34 million copies have now been sold worldwide.

Nintendo’s biggest release this quarter is The Legend of Zelda: Skyward Sword HD, which came out last month. The company can expect a boost in Switch hardware sales next quarter due to the launch of the new OLED model in October, though it won’t power the widely anticipated upgrade. Nintendo’s all-important holiday quarter game offering includes Metroid Dread, WarioWare: do it together, Mario Party Superstars, and remakes of pokemon diamond and Pearl.