It’s time again for financial reports, and Nintendo’s is particularly interesting, as it reveals that its first-party IPs are doing exceedingly well, including Tears of the Kingdom.
In August, it was revealed that The Legend of Zelda: Tears of the Kingdom had sold 18 million copies. With the latest financial report, Nintendo claims that Tears of the Kingdom has sold over a million more copies, bringing up the total to 19.5 million.
Other first-party franchises have been also thriving, including Pikmin 4 which is somewhat of a surprise. It has managed to sell 2.61 million copies already, surpassing the sales of prior titles. Pokémon Scarlet and Violet have also sold well, managing to top 23.23 million units sold.
Mario has also been enjoying a good year thanks to the exposure it has been getting from The Super Mario Bros. Movie, and Mario 8 Kart Deluxe has sold 3.22 million copies. The company will continue to capitalize on the franchise’s popularity through Super Mario RPG Remake and Princess Peach: Showtime!.
Nintendo’s first-party franchises doing amazing numbers
According to company, net sales during the first half of the fiscal year increased by 21.2%. It is also revealed that “sales in the first half of the fiscal year were the largest since the launch of Nintendo Switch.” This has been attributed to a 133.3% year-on-year increase in mobile and IP-related income, as well as the general depreciation of the yen.
Overall, the profit margin remained at the same level as last year, which isn’t a bad thing. Nintendo, in part, attributes this to the increasing sales of the Switch OLED model which has a smaller profit margin.
Forever secretive, it is hard to predict what’s next for Nintendo. There have been rumors that there is a Switch successor in the works, though president Shuntaro Furukawa has called these reports inaccurate.
Published: Nov 7, 2023 10:29 am