Nintendo has sold over 22 million Switch consoles, Mario Odyssey, Kart, and BOTW top 10 million sold

Now they're playing with power. Switch Power!

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Nintendo just released their six month earnings results in Japan and the numbers from the Big N continue to impress. The company announced today that they have sold 22.86 million Switch consoles as of the end of September 2018. 

Some other interesting nuggets of information in Nintendo's October 30 earnings release involved software sales for some of their first party titles. Super Mario Odyssey has sold over 12.17 million units in its first full year. Mario Kart 8 Deluxe sold 11.71 million copies, and Shacknews' Game of the Year 2017 The Legend of Zelda: Breath of the Wild has sold over 10 million units since the launch of Nintendo Switch. These are impressive numbers to go alongside Switch's impressive console sales numbers. Nintendo was also proud to announce that Mario Tennis Aces has sold 2.16 million copies since launch. Donkey Kong Country: Tropical Freeze, a game that originally released on Wii U, has sold 1.67 million units.

The company highlighted digital "sales of downloadable versions of packaged software and add-on content for Nintendo Switch showed especially good growth," of 71.7% year-over-year. Operating profit for the first six months of Nintendo's fiscal year was up 53.7% year-over-year despite only 4% revenue growth over the same time period. $3.44 billion in sales is nothing to scoff at, and Nintendo's shift towards digital distribution of software will continue to improve operating margins.

A weak spot in the company's results remains smartphone revenues, which only came in at $165 million (up 4.7% year over year) for the same period. Mobile has yet to become a meaningful segment of revenue, but the strength of Nintendo Switch and first party software sales are covering up for the weakness in the company's smartphone division.

Nintendo's quarterly sales growth slowed to 1% year-over-year, which is the worst pace for the company since the Switch launched. Sales and operating profit came in below analyst estimates according to Bloomberg. It is going to take a very strong holiday period for Nintendo to sell the 20 million Switch console units they projected at the beginning of the year. They have sold 5 million Switch consoles in the first six months of their fiscal year, with 3.2 million being sold in the recent quarter. “From the beginning we decided on a target that would be challenging to reach, not easy,” said Nintendo President Shuntaro Furukawa following the results. “The holiday season battle begins now.”

Nintendo maintained their full year guidance for the fiscal year ending in March of 2019. They highlighted the upcoming releases of Pokemon Let's Go Eevee and Let's Go Pikachu as well as Smash Ultimate later this year. The company also looks forward to the release of their next smartphone game, Mario Kart Tour, which will launch before the end of their fiscal year. 

Asif Khan is the CEO and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

From The Chatty

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      October 30, 2018 1:35 AM

      Not that those aren't great numbers but weren't they hoping to sell something like 20 million consoles this year alone? How on track are they for that I wonder.

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        October 30, 2018 1:36 AM

        They have sold 5 million of the projected 20 million. They are gonna need a solid Holiday.

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          October 30, 2018 2:25 AM

          Damn that's gonna be very impressive if they even get close.

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        October 30, 2018 1:38 AM

        “From the beginning we decided on a target that would be challenging to reach, not easy,” said Nintendo President Shuntaro Furukawa following the results. “The holiday season battle begins now.”

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          October 30, 2018 1:51 AM

          lol so much for sandbagging estimates

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          October 30, 2018 7:01 AM

          Another thing to keep in mind when they guestimated 20 M - that means they also were making sure they had the manufacturing capabilities to get to that number too as to boost consumer and investor confidence in that they can put out that many units.

          And of course, we are now going to see the power of a fully functional console once SSBU gets released; it would be second to Pokemon as *the* console seller.

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        October 30, 2018 1:50 AM

        This fiscal year, so their deadline is April. More than half of their revenue comes from the Oct-Dec quarter. Its when they sold most of their hardware last year, plus consoles generally sell more in their second through fourth years. Between that and Pokemon/Smash, the expectation is that they will outsell the 7 million they moved last holiday quarter.

        By how much is the question, they need a hell of a quarter to meet their 20 million goal. Their sales estimates are always incredibly conservative so I have to assume that they are using traditional year over year increases with successful consoles to come up with that number.

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      October 30, 2018 2:00 AM

      Neon blue + Mario red... triggered.

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      October 30, 2018 2:43 AM

      I hate to say it because I don't particularly care for the series, but New Super Mario Bros U Deluxe (wtf that name) is going to be huge.

      The Animal Crossing trailer that Twitter and Reddit were exploding about? The mass market doesn't care about that nearly as much as New Super Mario Bros, almost 2 million views for a reissue: https://youtu.be/6wTFy-pJFMI

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        October 30, 2018 2:44 AM

        Also, NSMBUDX is just the worst acronym

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        October 30, 2018 3:24 AM

        Where the fuck is the Mario World U game for Switch?

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        October 30, 2018 3:52 AM

        Back during the Wii era, on idle thumbs they joked that any game with “Wii”, “Mario” or “Super” in the title sold better and if they could just come out with a game with all those it would be huge.

        And then someone pointed out that they did - New Super Mario Bros. Wii was one of the systems biggest sellers.

        So that’s what’s up with the name, though I think they should drop the “U” for the Switch.

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        October 30, 2018 5:07 AM

        Worst Mario series ever.

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        October 30, 2018 5:53 AM

        I wish they would make another Mario 3D world like the one on Wii U, that game was dope af

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      October 30, 2018 6:04 AM

      RIP switch #itsjustafad

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        October 30, 2018 6:10 AM

        Who posted that? I remember the thread.

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          October 30, 2018 6:24 AM

          sleepy posted some bullshit post-E3 about nintendo being done but he's definitely not the only one who shat on it