Nintendo executives have released the financial report for the third quarter of the fiscal year 2024. The nearly seven-year-old Nintendo Switch continues to sell well. Additionally, the latest Zelda and Mario games are driving strong revenues.
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While console providers Sony and Microsoft often engage in very public competition, Nintendo traditionally flies somewhat under the radar, yet consistently delivers strong quarters.
The latest financial report for the third quarter of the fiscal year 2024 confirms this. Net revenues increased by 7.7 percent from the first to the third quarter of 2024 compared to the same period in 2023, with operating income up by 13.1 percent.
Mario and Zelda Rocking in 2023/2024
Once again, it’s remarkable to see how well the nearly seven-year-old Nintendo Switch is performing. A total of 13.74 million units of the console were sold in the first three quarters of the current fiscal year. While this is fewer units than in the same period last year, it’s significantly more than what Microsoft has achieved with the more powerful Xbox Series (totaling just over 21 million units sold since 2020). Overall, the Nintendo Switch has now sold approximately 140 million units.
Regarding games, the current fiscal year has already seen 24 titles surpassing the mark of more than 1 million Switch units sold. Seventeen of these games are from Nintendo’s first-party lineup, with seven more coming from third-party developers. Some of the successful titles include The Legend of Zelda: Tears of the Kingdom (22.28 million units sold), Super Mario Bros. Wonder (11.96 million), the “classic” Mario Kart 8 Deluxe (6.79 million), and Pikmin 4 (3.33 million).
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Another interesting statistic: the number of annually active Switch users continues to rise. In 2022, there were approximately 114 million players using the Nintendo Switch, increasing to 122 million active Switch users in 2023. This demonstrates that the console is relatively seldom left unused.
Upcoming Nintendo projects include Mario vs. Donkey Kong (Release: February 16), Princess Peach: Showtime! (March 22), Luigi’s Mansion 2 HD (Summer), Paper Mario: The Thousand-Year Door (sometime in 2024), and Metroid Prime 4 (TBA). Undoubtedly, there will be announcements for more releases in the second half of the year.
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