Nintendo’s sales can’t keep up with last year’s boom boom

0
25


If there’s one downside to the unexpected and huge jump in success, it’s that when things get back to normal, it can look worse in comparison. This is the “problem” that Nintendo is currently facing when announcing its latest quarterly report, reflecting the fact that the world has changed again. In the three months to June 30, the company made an operating profit of 119 billion yen, or approximately $ 1.1 billion. It is, however, a A drop of 17.3 percent from 144 billion yen ($ 1.3 billion) released at this time last year, when people were mandated to spend much more time indoors.

Another difference compared to last year is the lack of a Nintendo brand name that would attract users as was the case in 2020. Animal Crossing: New Horizons was (according to some analysts) the third largest sales game of the year, which also boosted sales of new Switch consoles to customers looking to get into the action. In fact, New Horizons is still a big sales title, with 1.26 million units sold this quarter, a year after it was originally launched. And total Nintendo software sales were just 10.2 percent lower than stores in the same period last year.

Pretty fun, Nintendo has rolled out the chart in its financial report showing it, if you remove Animal Crossing Software sales have risen sharply since at least 2018. The fact that investors are still nervous about Nintendo’s future – to the point that Bloomberg reports that the company will issue a share buyback to cover the gap in declining sales – showing a disconnect between Wall Street and the world in which the rest of us live. But the company has not changed its sales forecast or plans for the rest of the year, such is its confidence in its business.

Nintendo’s financial health will look much uglier in the last half of 2021 anyway, with the release of a number of big headlines, and it will be announced soon. HD remake of Zelda: Sword to the sky is not covered by this report, and WarioWare: Get It Together falls in September. The launch begins in October Metroid Dread i Mario Party Superstars, while the launch begins in November Pokémon Brilliant Diamond i Shining Pearl. Plus, you know, there it is OLED switch i Zelda Play and watch there is an increase in hardware sales.

Not to mention that next year will probably be the third splatoon game, sequel Zelda: Breath of the wild and a new entry in Mario + Rabbids series. And investors seem to be forgetting that if they all ask us to get back to work, we’ll be more likely to be tempted to take with us those Switch consoles that some people panicked bought early last year. Which will require a steady stream of new games to keep their fingers entertained while you sit on the bus or subway.

All products recommended by Engadget have been selected by our editorial team, independent of our parent company. Some of our stories involve partnerships. If you buy something through one of these links, we can earn a commission for affiliates.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here