Nintendo continues to thrive, posting $10.8 billion in net sales

Nintendo continues to thrive, posting $10.8 billion in net sales for the fiscal year ending March 2024, thanks to successful titles like “The Legend of Zelda: Tears of the Kingdom” and “Super Mario Bros. Movie”.

Despite a slight dip in hardware sales, digital and IP-related revenues soared, up 81.6% to $600 million, largely propelled by the Super Mario film.

Interestingly, Nintendo’s mobile sector wasn’t a standout this year, hinting at a shifting focus within the company.

In other news, President Shuntaro Furukawa announced that the next Nintendo console, the successor to the Switch, will not be released until after April 2025, with an official announcement expected by March 2025.

This means Nintendo fans have a bit longer to wait, but there’s plenty to keep them busy with a strong lineup for the second half of 2024 and no major hardware launches on the horizon.

Financially, Nintendo predicts a downturn next year, expecting a 19.3% drop in net sales. This forecast aligns with the lifecycle of the current Switch, which despite a decrease in unit sales, continues to perform solidly in its eighth year on the market.

The company remains a powerhouse in the industry, with digital sales and Switch Online revenues increasing by 9.4% this year.

Overall, while facing a quieter year ahead and a transitional phase pending the next console’s introduction, Nintendo’s ability to leverage its iconic IPs continues to drive significant financial success.

The ongoing development of a Super Mario Bros Movie sequel for April 2026 ensures that their IP-related revenues will likely maintain their momentum.

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