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Nintendo FY3/2020 Q3 earnings results (Switch hardware hits 52 million sold, forecast revised up)

The results are in!

Nintendo has come in with their FY3/2020 Q3 earnings results, which is chock full of sales figures and more. Check out the full report analysis below.

Overall data and million sellers

+--------------------------------------------------------------------------+
| | This Quarter | FY Cumulative | FY Forecast |
+--------------------------------------------------------------------------+
| Net Sales | ¥578,701M | ¥1,022,668M (~$9.39B)| ¥1,250,000M |
| Operating Income| ¥168,708M | ¥262,930M (~$2.41B)| ¥300,000M |
| Net Profit | ¥134,371M | ¥196,389M (~$1.8B)| ¥210,000M |
+--------------------------------------------------------------------------+

+---------------------------------------------------------------------------------+
| Switch (units) | This Quarter | FY Cumulative | LTD | FY Forecast |
+---------------------------------------------------------------------------------+
| Switch | 7.58M | 12.56M | 47.3M | |
| Switch Lite | 3.24M | 5.19M | 5.19M | |
| Hardware Total | 10.81M | 17.74M | 52.48M | 19.5M |
| Software Total | 64.64M | 123.13M | 310.65M | 140.0M |
+---------------------------------------------------------------------------------+
(Software sales units include both packaged and downloadable versions of software.)
###
+---------------------------------------------------------------------------------+
| 3DS | This Quarter | FY Cumulative | LTD | FY Forecast |
+---------------------------------------------------------------------------------+
| Hardware Total | 0.25M | 0.62M | 75.71M | 0.65M |
| Software Total | 1.5M | 4.1M | 382.22M | 4.5M |
+---------------------------------------------------------------------------------+
(Software sales units include both packaged and downloadable versions of software.)
###
+------------------------------------------------------------------------+
| | This Quarter | FY Cumulative |
+------------------------------------------------------------------------+
| Smart devices, IP related income, etc.| ¥16,946M | ¥36,910M |
+------------------------------------------------------------------------+
(Includes income from smart-device content and royalty income.)

+--------------------------------------------------------------------------+
| | This Quarter | FY Cumulative |
+--------------------------------------------------------------------------+
| Proportion of overseas sales | 78.6% | 77.8% |
+--------------------------------------------------------------------------+
(※ Proportion of overseas(outside of Japan) sales to total sales)
+--------------------------------------------------------------------------+
| Proportion of hardware sales | 57.4% | 55.6% |
+--------------------------------------------------------------------------+
(※ Proportion of hardware(including accessories) sales to total
dedicated videogame platform sales)
+--------------------------------------------------------------------------+
| Proportion of first party software sales | 87.4% | 82.0% |
+--------------------------------------------------------------------------+
(※ Proportion of first-party software sales to total dedicated video
game software sales)
+--------------------------------------------------------------------------+
| Digital Sales | ¥53.2B | ¥124.9B |
+--------------------------------------------------------------------------+
(※ Digital sales include a) downloadable versions of packaged software,
b) download-only software,c) add-on content and d) Nintendo Switch Online, etc.
* “Downloadable versions of packaged software” indicates the
downloadable version of software that is offered both physically and digitally.)
+--------------------------------------------------------------------------+
| Proportion of Digital Sales | 22.3% | 28.6% |
+--------------------------------------------------------------------------+
(※ Proportion of digital sales to total dedicated
video game software sales )
+--------------------------------------------------------------------------+
|Proportion of DL Ver. of Packaged SW Sales| 71.7% | 65.6% |
+--------------------------------------------------------------------------+
(※ Proportion of downloadable versions of packaged software sales
to total digital sales as indicated above: a/(a+b+c+d) )

+---------------------------------------------------+
| NSW Lite Sell-In WW LTD | Units | Percentage |
+---------------------------------------------------+
| Japan | 1.36M | 26.2% |
| The Americas | 2.09M | 40.27% |
| Other | 0.46M | 8.86% |
| Europe | 1.28M | 24.66% |
+---------------------------------------------------+
|All NSW HW Sell-In WW LTD | Units | Percentage |
+---------------------------------------------------+
| Japan | 12.42M | 23.67% |
| The Americas | 20.87M | 39.77% |
| Other | 5.0M | 9.53% |
| Europe | 13.88M | 26.45% |
+---------------------------------------------------+
###
+---------------------------------------------------+
|Switch SW Sell-In WW LTD | Units | Percentage |
+---------------------------------------------------+
| Japan | 57.34M | 18.46% |
| The Americas | 138.63M | 44.63% |
| Other | 20.68M | 6.66% |
| Europe | 94.01M | 30.26% |
+---------------------------------------------------+
###
+----------------------------------------------------------------+
| New Titles (Switch) | This Quarter | FY Cumulative| LTD |
+----------------------------------------------------------------+
| Japan | 96 | 210 | 508 |
| The Americas | 86 | 244 | 629 |
| Other | 84 | 254 | 633 |
+----------------------------------------------------------------+

+-------------------------------------------------------------------------------------------------+
| Title | FY Japan | FY Overseas | FY Global | Global LTD |
+-------------------------------------------------------------------------------------------------+
| Super Mario Maker 2 | 1.12M | 3.92M | 5.04M | 5.04M |
| The Legend of Zelda: Link's Awakening | 0.42M | 3.77M | 4.19M | 4.19M |
| Mario Kart 8 Deluxe | 0.68M | 5.59M | 6.27M | 22.96M |
| The Legend of Zelda: Breath of the Wild | 0.35M | 3.21M | 3.0M | 16.34M |
| New Super Mario Bros. U Deluxe | 0.26M | 2.28M | 2.54M | 5.85M |
| Astral Chain | 0.16M | 0.87M | 1.03M | 1.03M |
| Ring Fit Adventure | 0.63M | 1.54M | 2.17M | 2.17M |
| Super Mario Party | 0.46M | 2.26M | 2.72M | 9.12M |
| Pokémon Sword/Shield | 4.21M | 11.85M | 16.06M | 16.06M |
| Super Smash Bros. Ultimate | 0.69M | 3.18M | 3.87M | 17.68M |
| Luigi's Mansion 3 | 0.73M | 4.65M | 5.37M | 5.37M |
| Marvel Ultimate Alliance 3 | 0.04M | 0.98M | 1.02M | 1.02M |
| Splatoon 2 | 0.34M | 0.76M | 1.1M | 9.81M |
| Fire Emblem: Three Houses | 0.53M | 2.04M | 2.58M | 2.58M |
| Pokémon: Let's Go Pikachu/Eevee | 0.12M | 1.0M | 1.13M | 11.76M |
| Super Mario Odyssey | 0.16M | 1.99M | 2.15M | 16.59M |
+---------------------------------------------------------------------------------------------------+

| Switch - Top Selling Titles (units) | This Quarter| LTD |
+----------------------------------------------------------------------+
| Mario Kart 8 Deluxe | 3.95M | 22.96M |
| Super Mario Odyssey | 1.21M | 16.59M |
| Super Smash Bros. Ultimate | 1.97M | 17.68M |
| The Legend of Zelda: Breath of the Wild | 1.8M | 16.34M |
| Pokémon Let's Go Pikachu/Eevee | 0.48M | 11.76M |
| Splatoon 2 | 0.53M | 9.81M |
| Super Mario Party | 1.53M | 9.12M |
| New Super Mario Bros. U Deluxe | 1.26M | 5.85M |
| Luigi's Mansion 3 | 5.37M | 5.37M |
| Pokémon Sword/Shield | 16.06M | 16.06M |
+----------------------------------------------------------------------+

| 3DS - Top Selling Titles (units) LTD |
+----------------------------------------------------------------------+
Mario Kart 7 - 18.68 million
Pokémon X and Y - 16.44 million
Pokémon Sun and Moon - 16.18 million
Pokémon Omega Ruby and Alpha Sapphire - 14.26 million
New Super Mario Bros. 2 - 13.32 million
Super Mario 3D Land - 12.67 million
Animal Crossing: New Leaf - 12.45 million
Super Smash Bros. for Nintendo 3DS - 9.57 million
Pokémon Ultra Sun and Ultra Moon - 8.70 million
Tomodachi Life - 6.55 million
+----------------------------------------------------------------------+

Various tidbits

- the traditional Switch continued to see strong sales even after the launch of Switch Lite
- total number of million-seller titles during this fiscal year is at 21
- steady growth in sales of downloadable versions of packaged software and download-only software
- mobile related income saw a 10.6% increase on a year-on-year basis
- Nintendo will continue to convey the appeal of both the Nintendo Switch and Nintendo Switch Lite hardware
- there is a robust variety of appealing titles from other software publishers scheduled to be released
- Nintendo will work to keep the platform energized by continuously introducing attractive new titles

Revised forcast

Release schedule


Tags: 3ds, switch

Comments

My cynicism tells me that they probably underestimated on purpose so that they could raise projections, but either way 52 million is undeniably impressive! The Switch is probably my favourite Nintendo system so far, so I'm very happy to see it doing well!

Well keep in mind that they included the Switch lite which isn't exactly the real deal but I digress.

While this is once again great news, I'm bummed that Three houses could not move the 3 million mark...oh well..

It most definitely will pass 3 million within the year.

And how can that be possible? Its reached late at this rate and the sales in Japan are declining. It needs to sell the other half and by the time it does, the info on how much it did won't come at that point.

Selling 3 million is no different than selling 2.5 million seeing as how growth of the brand is confirmed either way. A sequel is guaranteed and will not have a reduced budget, congratz, you even got some dlc to look forward to.

Pretty easy to say it will sell another half million in its lifetime, but I do think within a year it will be there, especially now with renewed Smash and DLC interest. We won't hear from Nintendo, but that doesn't mean it won't happen.

The release schedule looks very very empty from Nintendos side. Only 1 newly produced first-party game on that list except breath of the wild 2. And that is Animal Crossing. Others are ports or games produced by others, but published by Nintendo.

Which means... Nintendo Direct incoming or news at E3?

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