Nintendo’s financials for the last financial year have seen a slight decrease, with the company’s total net sales dropping to $9.8 billion. This is mainly due to a decrease in hardware sales, with Nintendo selling 15.95 million units for the year, down from the 16.95 million sold the previous year.
Despite the dip in sales, Nintendo is still doing well overall, with software sales increasing by 9% compared to the previous year. Nintendo’s flagship games such as Animal Crossing: New Horizons and Pokémon Sword & Shield continue to perform well, with both titles selling over 30 million copies each.
While the dip in hardware sales may be concerning, Nintendo is in a very strong position overall. With the upcoming release of the Nintendo Switch Lite, a slimmed down and cheaper version of the popular console, Nintendo has the possibility to increase their hardware sales in the coming year.
Nintendo has also been making moves in the mobile market, with their mobile games such as Mario Kart Tour and Dr. Mario World performing well. Mobile game revenue increased by 45% compared to the previous year, showing that Nintendo is in a good position to capitalise on the mobile gaming market.
Overall, Nintendo is in a strong financial position despite the slight dip in revenue. With a strong lineup of upcoming games, the release of the Switch Lite, and continued success in the mobile market, Nintendo looks set to have a strong year ahead.