From the beginning of April to the end of December 2017, Nintendo earned $7.8 billion. This is stated in the company’s financial report for the three quarters of 2017.
This is comparable to the figures of 2009. Then the company for the same period of time (from April to December) received revenues of $ 13 billion.
Compared to last year, Nintendo’s revenue grew by 175%. The company’s profit amounted to $1.26 billion.
The driver of economic growth was the extremely successful sales of the Nintendo Switch console and games for it. During 2017, Nintendo sold 12.1 million Switch and sold more than 47 million games for the new platform.
To date, Switch sales have grown to 14.8 million consoles.
The launch of Switch stimulated Nintendo’s digital sales. They have risen by 87% compared to last year. The company has earned about $400 million on digital distribution.
Top game sales on Switch by number of copies:
- Super Mario Odyssey – 9 million
- Mario Kart 8 Deluxe – 7.3 million
- The Legend of Zelda: Breath of the Wild – 6.7 million
- Splatoon 2 – 4.9 million
- Arms – 1.6 million
Nintendo Switch slightly weakened the sales of the Nintendo 3DS. For three quarters of 2017, Nintendo sold 5.8 million copies of the portable console. This is 9% lower than the figure for the same period in 2016.
At the same time, sales of games for 3DS fell more significantly — by 33% to 31.2 million copies.
Thanks to strong financial results, Nintendo improved its forecast of total revenue for fiscal year 2018 from $8.8 billion to $9.3 billion.
Nintendo’s shares have doubled their value compared to last year. The company’s market value is estimated at $49 billion.
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