Nintendo Q3 FY 23/24 Earinings Report: Hardware 6.90m, LTD 139.36M. SMB Wonder 11.96M

[Deleted member 223]

Sony looked at both Nintendo and Xbox and decided they should follow Xbox. Morons, they are lucky Xbox is somehow run by an even more clueless individual.

They abandoned portables, pivoted to games as a service and decided to port everything to PC and got used to devaluing their own games.

Nintendo even has the disadvantage of weak hardware with relative little third party support and games that are emulatable/piratable on PC and yet they keep doing their own thing and stick to what they are good at.

If kept on just PS5 Sony games would pretty much be vitually untouched by piracy, their team would be able to develop for single device (getting a boost to quality and saving costs) and they would not have to give 30% to Steam (now their most direct competitor).

All in due time.... they're not indispensable to this industry.

Their market position, and what that represents - the home console king - however is. All a true console gamer really needs is the kingdom. Kings come and go - whether blue or red. It does have to be said they're much more tolerable and preferable than MS (tyrant) and Valve (one decision away from being gobbled up by an american giant, MS included - hence a ticking trojan horse).

 

[Gamernyc78]

Its crazy how many first party games Nintendo pumps out.

It is but alot of formulas don't change so tht is relatively not hard to do. It's like all the COD and sports games and Assn Creed games that come out yearly.

 

[voke]

Amazing success for nintendo. Love how confident this company is.

 

[thicc_girls_are_teh_best]

Assuming the Switch 2 releases this year, I wouldn't be that confident.

They sold 6.90 million last quarter, but numbers are declining and this is the quarter with the most sales. Based on previous quarters, they are probably going to be selling less than 3 million per quarter this year:

Considering they are 20M short of the PS5, and that a new console will be out by end of year, the Switch will die out relatively quickly as Nintendo doesn't really dwell on older platforms (unless we're talking the full portables). It will depend if the Switch 2 is backwards compatible I guess.

However, I still think these numbers are very poor considering the Switch replaced home and portable consoles simultaneously.

I don't think the numbers are poor actually, but I do agree with the notion the Switch probably won't pass PS2 in hardware sales, for the reasons you mentioned.

That is unless Nintendo roll the Switch 2 into being considered an "extended upgrade" of the original Switch. I don't think they're going to do that, but if so...yeah, it'd definitely pass PS2 and DS in units.

 

[Darth Vader]

I don't think the numbers are poor actually, but I do agree with the notion the Switch probably won't pass PS2 in hardware sales, for the reasons you mentioned.

I think they are poor because the switch replaces both Home and Portable consoles.

 

[Systemshock2023]

Should end up around 145M and if they somehow plan to continue selling the lite for a couple years at a reduced price alongside switch 2 it might beat PS2.

Amazing HW numbers but still not near peak 7th gen Nintendo (Wii + DS early 3DS) SW + Services wise they must be on their best era.

 

[Zzero]

Mario Kart 8 Deluxe: 60.58 million, this is not even including the WII U version

No, but it does include a lot of holiday season system bundles and is thus bullshit. AC, which doesn't have a bundle, is much more impressive.

 

[Entropi]

If I’m not mistaken, that is a record for software sales on any Nintendo platform?

 

[ethomaz]

The end of life decline for Q3 is bigger than I expected… a Nintendo holiday quarter with 6.9m? That is very bad.

They need to move to next hardware.
It is not a if anymore but a necessity to sustain sales.

 

[RE4-City]

Sony looked at both Nintendo and Xbox and decided they should follow Xbox. Morons, they are lucky Xbox is somehow run by an even more clueless individual.

They abandoned portables, pivoted to games as a service and decided to port everything to PC and got used to devaluing their own games.

Nintendo even has the disadvantage of weak hardware with relative little third party support and games that are emulatable/piratable on PC and yet they keep doing their own thing and stick to what they are good at.

If kept on just PS5 Sony games would pretty much be vitually untouched by piracy, their team would be able to develop for single device (getting a boost to quality and saving costs) and they would not have to give 30% to Steam (now their most direct competitor).

Umm Sony just about knocked two competitors out of the console business with the ps2 taking out the Dreamcast (Also took out the gamecube which made Nintendo go a different route with the Wii.) And now the PS5 took put both Xbox Series Consoles despite Microsoft sending like 90 billion on game studios. Also the PS4 took the Wii U out and made Nintendo a single console maker as well.

Nintendo can only say they took out the PS Vita and the thing with that is that it was mlstly Sony losing Billions on the PS3 being the reason they couldn't support the Vita and less of the 3DS taking out the Vita.

 

[Nhomnhom]

Umm Sony just about knocked two competitors out of the console business with the ps2 taking out the Dreamcast (Also took out the gamecube which made Nintendo go a different route with the Wii.) And now the PS5 took put both Xbox Series Consoles despite Microsoft sending like 90 billion on game studios. Also the PS4 took the Wii U out and made Nintendo a single console maker as well.

Nintendo can only say they took out the PS Vita and the thing with that is that it was mlstly Sony losing Billions on the PS3 being the reason they couldn't support the Vita and less of the 3DS taking out the Vita.

Yet Nintendo is the one with a 140m console now.

 

[RE4-City]

Yet Nintendo is the one with a 140m console now.

And too be far the PS4 would of got there too if the shortages killed its legs. Also funny thing about PS4 vs Switch. The PS4 crossed 1 billion games sales in Mid 2019 before the 6 year anniversary of the system. It took Nintendo until March 2022 to have the switch reach 1 billion in game sales which is right after the 6 year anniversary of the switch. Might explain why PlayStation is way ahead of Nintendo in terms of revenue

 

[Nhomnhom]

And too be far the PS4 would of got there too if the shortages killed its legs.

That is just not true at all. What shortages are you talking about that cost the PS4 over 20m units sold?

The PS4 crossed 1 billion games sales in Mid 2019 before the 6 year anniversary of the system. It took Nintendo until March 2022 to have the switch reach 1 billion in game sales which is right after the 6 year anniversary of the switch. Might explain why PlayStation is way ahead of Nintendo in terms of revenue

Yet Nintendo is more profitable, there is no point to undersell their success just because you like PlayStation more.

 

[Yurinka]

This is the worst Q3 sales for Switch and expect Q4 to be the worst one for Switch selling only 1.76? I'd bed they'll announce Switch 2/Pro in summer to be released in Fall.

Umm Sony just about knocked two competitors out of the console business with the ps2 taking out the Dreamcast (Also took out the gamecube which made Nintendo go a different route with the Wii.) And now the PS5 took put both Xbox Series Consoles despite Microsoft sending like 90 billion on game studios. Also the PS4 took the Wii U out and made Nintendo a single console maker as well.

Nintendo can only say they took out the PS Vita and the thing with that is that it was mlstly Sony losing Billions on the PS3 being the reason they couldn't support the Vita and less of the 3DS taking out the Vita.

Sega went out of the console hardware business with Dreamcast.
Nintendo went out of the home console hardware business with WiiU.
MS pretty likely will be out of the hardware business this generation or the next one.

Nintendo focused their efforts on portables after WiiU. Depending how the PC handhelds perform in the next years and if PS5/PS6 get stronger after knocking out Xbox, plus cloud gaming and 3rd party stores in mobile getting stronger in the next years, who knows if Switch 2/Pro will be their last portable console.

I think it won't, but almost. I think Switch 2/Pro will have great launch window numbers but will end being way less successful than Switch.

 

[Zzero]

And too be far the PS4 would of got there too if the shortages killed its legs. Also funny thing about PS4 vs Switch. The PS4 crossed 1 billion games sales in Mid 2019 before the 6 year anniversary of the system. It took Nintendo until March 2022 to have the switch reach 1 billion in game sales which is right after the 6 year anniversary of the switch. Might explain why PlayStation is way ahead of Nintendo in terms of revenue

You say that like Switch didn't have severe shortages in both its launch year and the covid period as well.

 

[Evilnemesis8]

The end of life decline for Q3 is bigger than I expected… a Nintendo holiday quarter with 6.9m? That is very bad.

They need to move to next hardware.
It is not a if anymore but a necessity to sustain sales.

They actually raised their forecast for the year, they expected to sell 15M Switches this FY and now they think it'll be 15.5M by March. As for the next hardware, pretty much everyone expects it to be released in the fall of this year.

 

[Gamernyc78]

Very true.

You say that like Switch didn't have severe shortages in both its launch year and the covid period as well.

Very true.

 

[peter42O]

Switch is still on fire. Depending on how long Nintendo manufactures the console, they still have a legitimate at being #1 all time best selling console.

 

[Gamernyc78]

Switch is still on fire. Depending on how long Nintendo manufactures the console, they still have a legitimate at being #1 all time best selling console.

I mean if you leave a console for 12 plus years going lol and make new games for it eventually the ogs will stop working and ppl have to buy more

 

[Box]

No, but it does include a lot of holiday season system bundles and is thus bullshit. AC, which doesn't have a bundle, is much more impressive.

Its weird that Nintendo cut support for AC so soon considering it sold 45 million