Skip to main content

Nintendo profits decline year-on-year as Switch hits 89 million sold

Nintendo profits decline year-on-year as Switch hits 89 million sold


It was not exactly a normal quarter this time in 2020

Share this story

Illustrations by Alex Castro / The Verge

Nintendo has released its earnings for the April-June quarter, and while the figures would normally be strong for what’s usually a slow period, revenue and profit are both down compared to a year ago. That’s perhaps not surprising given the company was then riding a surge in demand for video games during the first wave of the COVID-19 pandemic, and had just released the mega-hit Animal Crossing: New Horizons.

By comparison, Switch hardware sales were down 21.7 percent to 4.45 million units, and software sales decreased 10.2 percent to 45.29 million units. Nintendo has now sold 89.04 million Switch consoles in total; for comparison, the PS5 just hit 10 million. Revenue decreased 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 decline year-on-year.

Unlike last year, when Nintendo sold more than 10 million copies of Animal Crossing to nearly double its figures from the previous quarter, there weren’t any blockbuster Switch titles to bank on. New Pokémon Snap sold 2.07 million copies outside Japan (the game is published by The Pokémon Company in its home market) and Mario Golf: Super Rush sold 1.34 million — Animal Crossing, meanwhile, added an extra 1.26 million copies to its total. It’s now sold nearly 34 million copies worldwide.

Nintendo’s biggest release this current 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, even though it isn’t bringing the widely expected upgrade in power. Nintendo’s slate of games for that all-important holiday quarter includes Metroid Dread, WarioWare: Get It Together, Mario Party Superstars, and remakes of Pokémon Diamond and Pearl.

Today’s Storystream

Feed refreshed 5 minutes ago Not just you

External Link
Emma Roth5 minutes ago
We might not get another Apple event this year.

While Apple was initially expected to hold an event to launch its rumored M2-equipped Macs and iPads in October, Bloomberg’s Mark Gurman predicts Apple will announce its new devices in a series of press releases, website updates, and media briefings instead.

I know that it probably takes a lot of work to put these polished events together, but if Apple does pass on it this year, I will kind of miss vibing to the livestream’s music and seeing all the new products get presented.

External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.

The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.

Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.

Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.

External Link
If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.

External Link
Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker's popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it's been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.