Switch Sales Approach 85 Million as Nintendo Invests Heavily in a Follow Up May 6, 2021 13:15 EDT
Nintendo has reported their earnings for the quarter ending March 31, 2021, and surprise surprise, the house that Mario built is doing very well for itself. Fiscal year 2021 saw Nintendo bring in $16.6 billion in revenue and $6 billion in net income, a record for the company. During the past quarter, the company shipped another 4.73 mission Switch units, bringing the total number shipped to 84.6 million. Not bad!
With records amounts of cash flowing in, Nintendo is investing more heavily in Research & Development than ever before, spending $880 million during the past fiscal year. Obviously, a large portion of this is going to software development, but during an investor’s call, Nintendo also said they’re investing in both online infrastructure and their next platform, which will be another traditional system that integrates both hardware and software (thanks to Astris Adviso
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(March 15): Nintendo Co. is gearing up for record software and Switch sales in the coming year, a much stronger performance than investors are projecting, according to the company’s partners and suppliers.
Kyoto-based Nintendo is planning for sales of its signature Switch game console to be flat or slightly higher in the fiscal year ending March 2022, boosted by the introduction of a version with an OLED display, according to executives at allies including component suppliers, software publishers and retailers. Analysts have forecast console sales would decline next year.
A series of marquee game releases is expected to drive software sales next fiscal year to 250 million units, far more than the record 205 million units forecast for the current year, according to the partners and suppliers, speaking anonymously as the plans are not public. Analysts have also projected software sales would fall next year.