Prime Highlights:
- Nintendo has already sold 17.37 million units of the Switch 2 and maintains its full-year forecast of 19 million units, showing strong demand.
- Popular games like “Mario Kart World” and “Donkey Kong Bonanza” drove strong holiday sales, making the Switch 2 the best-selling console in the U.S. in December.
Key Facts:
- Nintendo’s fiscal Q3 revenue rose 86% year-on-year, with net profit up 24%, highlighting solid financial growth.
- Upcoming releases, including “Mario Tennis Fever”, “Pokémon Pokopia”, and the “Super Mario Galaxy Movie”, are expected to further boost console sales.
Background:
Nintendo is sticking to its full-year sales forecast for the Switch 2, showing strong demand for the console. The company expects to sell 19 million units by March 2026 and has already sold 17.37 million, including 7 million in the December quarter. Experts say it is Nintendo’s fastest-selling console ever.
Revenue for Nintendo’s fiscal third quarter, which ended December 31, reached 806.32 billion yen ($5.2 billion), slightly below market expectations of 847.73 billion yen. However, net profit came in at 159.93 billion yen, surpassing estimates of 147.3 billion yen. On a year-on-year basis, revenue grew 86%, while profit increased 24%, highlighting the strong performance of both the hardware and its game lineup.
Following the Switch 2 launch in June, Nintendo’s share price initially surged past 14,000 yen in August but has since declined by more than 30%, reflecting investor caution amid rising memory costs and questions over the console’s long-term game pipeline.
Concerns about slow holiday sales turned out to be wrong. Games like “Mario Kart World” (14 million sold) and “Donkey Kong Bonanza” (4.25 million sold) were very popular over the holidays. The Switch 2 was also the best-selling console in the U.S. in December, according to Circana.
Looking ahead, Nintendo plans to release several high-profile games, including “Mario Tennis Fever” in February and “Pokémon Pokopia” in March, both from its most popular franchises.
Strong sales, a good holiday season, and new games suggest the Switch 2 will keep growing, keeping Nintendo a gaming leader.
