Nintendo's Fiscal Year 2024: Sales Dip, but First-Party Titles Thrive

Nintendo's recent financial report highlights the resilience of its first-party titles despite a downturn in hardware and software sales for FY24. The beloved gaming company experienced a decrease in hardware sales by 12.6% and software sales by 6.7% year-over-year, with 15.7 million units and 199.67 million units sold respectively. While these figures represent a decline, first-party games such as 'The Legend of Zelda: Tears of the Kingdom', 'Super Mario Bros. Wonder', and 'Pikmin 4' have demonstrated strong sales. Nintendo's digital sales, including full games and add-on content, saw a 9.4% increase, totaling around $2.9 billion. Additionally, the company's mobile and IP-related endeavors rose by 81.6% to $600 million, largely due to the successful release of The Super Mario Bros. Movie.

Overall, Nintendo reported a sales increase of 4.4% to $11 billion and a profit jump of 7.8% to $6.2 billion. Despite anticipating a 20% sales decline in the next fiscal year, Nintendo confirmed that a successor to the Switch console is in development. However, fans should not expect any news on the new console until later this fiscal year.

Will Nintendo's new console be released in the next fiscal year?

No, Nintendo has stated that news on the successor to the Switch console will be announced later in the current fiscal year, not necessarily implying a release within the same timeframe.

Background information: The Nintendo Switch, released in March 2017, revolutionized gaming with its hybrid design, allowing for both portable and home console gaming experiences. It has become a cultural phenomenon, bolstering iconic franchises and giving rise to new gaming experiences. As it enters a later stage in its lifecycle, anticipation grows for what Nintendo has planned for its next generation of gaming hardware.