HomeTechnologyNintendo sees record first...

Nintendo sees record first quarter profit thanks to Zelda and the Mario movie | Engadget

Nintendo just announced its highest first quarter profit ever thanks to sales of The Legend of Zelda: Breath of the Wild and The Super Mario Bros. Movie. The company earned 185.44 billion yen ($1.3 billion) on sales of 461.34 billion yen ($3.2 billion), easily battering its previous fiscal Q1 record of 144.7 billion set in 2020, the company revealed in its latest earnings report

The numbers on those two properties are impressive. Around the world, 168.10 million people watched The Super Mario Bros. Movie, and the company announced total box office revenue of $1.349 billion as of July 26th — the highest ever for an original film based on a video game, and the second-highest for an animated film. That let to a massive 190 percent year-over-year increase in revenue for Nintendo’s “mobile and IP-related income” category. 

Meanwhile, The Legend of Zelda: Tears of the Kingdom has sold 18.51 million copies since it launched in May, while Mario Kart 8 Deluxe sold 1.67 million units last quarter. “Sell-through of this one title [Zelda] constitutes approximately half of the first-party software sold this fiscal year,” Nintendo said. 

Switch sales were actually up over the same quarter last year to 3.91 million in the last quarter (compared to 3.43 million units last year), with 2.83 million of those being the more expensive OLED model. That rise might be powered in part by Zelda, as buyers sought either a new or better console to play the game. The company has also continually stated that its goal is to put more than one Switch in every household, and could be starting to deliver on that. At the beginning of its fiscal year, Nintendo called its sales forecast of 15 million Switch consoles “a bit of a stretch,” but is on track to achieve that number so far. 

It may be tough for Nintendo to maintain that momentum, though. Upcoming games include the side-scroller Super Mario Bros Wonder (October 20th), Detective Pikachu Returns (October 6th), WarioWare: Move It! (November 3rd) and Super Mario RPG with updated graphics on November 17th. There are no marquee games in that list like Breath of the Wild, though, and sales of that game (and movie profits) are bound to keep dropping off. 

As for the Switch, it’s now six years old, and Nintendo has yet to announce its replacement. Rumors have swirled that a next-gen Switch arrive in 2024, but none have much substance behind them. 

Correction, August 3rd, 2023, 8:30AM ET: This article originally stated that Nintendo took in $1.349 billion related to The Super Mario Bros. Movie. This story has since been updated to note that number represents total box office revenue, not Nintendo revenue. We apologize for the error.

Source link

Most Popular


Please enter your comment!
Please enter your name here

More from Author

Read Now

Kate Middleton shows off her skills while William doles out hugs on visit to Cardiff to mark Black History Month

The Prince and Princess of Wales took each other on in a game of table tennis this afternoon as they met with Windrush elders in Cardiff.Dressed in a £549 navy pinstripe jacket from Holland Cooper and matching wide-leg navy trousers, Kate, 41, teamed up with a...

Sam Bankman-Fried heads for trial on charges of stealing billions from FTX users

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried is set to go on trial on charges of stealing billions of dollars from customers...

Liverpool vs PGMOL: What do the club hope to achieve after VAR row?

Almost 72 hours after Liverpool’s contentious defeat to Tottenham Hotspur, the fallout rumbles on. A review is underway into the errors that led to Luis Diaz’s goal being disallowed for offside, with VAR Darren England and assistant VAR Dan Cook, who failed to overturn the on-field decision...

Devon Witherspoon: Seahawks knew Daniel Jones likes to stare down his first target

Seahawks cornerback Devon Witherspoon had a sensational game on Monday...

Tori Spelling’s “Oldest Babies” Are All Grown Up in High School Homecoming Photo – E! Online

Forget Donna Martin: Tori Spelling is about to have a few high school graduates on her hands very soon. The Beverly Hills, 90210 alum proved that her two "oldest babies" are all grown up by sharing a photo of daughter Stella, 15, and son Liam, 16, heading to their...

Mudavadi delivers Ruto’s message to President Ndayishimiye

Prime Cabinet Secretary Musalia Mudavadi on Monday delivered President William Ruto's message to his Burundi counterpart, President Evariste Ndayishimiye.Mudavadi delivered the message during his one-day official visit to Bujumbura, Burundi.In the meeting with President Ndayishimiye, the two leaders held talks to strengthen the bilateral ties...

How Trump Turned an Oval Office Fantasy Into G.O.P. Doctrine

The first time Donald Trump talked privately about shooting missiles into Mexico to take out drug labs, as far as his former aides can recall, was in early 2020.And the first time those comments became public was when his second defense secretary, Mark T. Esper, wrote...

Rouble recovers slightly after slide past 100 vs dollar

A view shows a Russian one rouble coin in front of a screen displaying the Spasskaya tower of the Moscow Kremlin in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 3 (Reuters) - The Russian rouble weakened past the symbolic...