Nintendo reported that its full-year gross sales for the fiscal yr ended March 31 have been $12.31 billion, up 9% from $11.30 billion a yr earlier.

To date, Nintendo has offered 55.7 million Nintendo Switch and Switch Lite consoles, and 20 million of these have been offered prior to now yr. Operating revenue was $3.31 billion, up 41% in contrast with $2.34 billion a yr earlier. Net revenue was $2.43 billion, up 33.5% in contrast with $1.82 billion a yr earlier. It was a powerful yr, pushed by gross sales of video games within the Pokémon and Animal Crossing franchises.

Nintendo stated that COVID-19 triggered some manufacturing and cargo delay of the Switch, and there have been delays as properly with the Joy-Con controllers and Ring Fit Adventure accent. But this had solely a restricted influence on enterprise outcomes for the yr. And Nintendo stated that whereas COVID-19 is unpredictable, it seems manufacturing and transport are progressively recovering.

Meanwhile, Nintendo stated that it has offered 17.37 million models of Pokémon Sword and Pokémon Shield on the Switch. Animal Crossing offered 11.77 million models (for the interval ended March 31), which is the perfect begin ever for a Nintendo Switch title. In addition, Luigi’s Mansion Three and Super Mario Maker 2 additionally continued with regular gross sales. Nintendo and different Switch builders had 27 titles throughout the yr that offered greater than 1 million models.

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The firm beforehand upgraded its forecast for earnings within the fiscal yr ending March 31, because of robust gross sales of the Nintendo Switch and video games that run on it.

Switch gross sales

Nintendo Switch sales hit 55.7 million as company grows annual revenues 9% to $12.31 billion

Above: Animal Crossing: New Horizons is about household.

Image Credit: GamesBeat

As of March 31, the Nintendo Switch and Switch Lite have offered 55.7 million consoles thus far, with software program hitting 356.2 million copies offered as of March 31. The Nintendo 3DS has offered 75.7 million models and 383 million copies of software program.

The Switch is way extra profitable than the predecessor Wii U, which solely offered 13.56 million models and 103 million copies of software program.

Nintendo additionally launched its Switch in China in December in a partnership with Tencent.

Full-year outcomes

For the yr ended March 31, Nintendo reported gross sales of $12.31 billion, up from $11.30 billion a yr earlier. Operating revenue was $3.31 billion, in contrast with $2.34 billion a yr earlier. Net revenue was $2.43 billion, in contrast with $1.82 billion a yr earlier.

For the fiscal yr ending March 31, 2021, Nintendo had a really conservative forecast of $11.29 billion in gross sales, an working revenue of $2.83 billion, and internet revenue of $1.88 billion. Nintendo has $5.85 billion in money.

Other particulars and forecasts

Hardware gross sales of the Switch and Switch Lite topped the forecast of 19.5 million models, coming in at 21.03 million models, up 24% from the earlier yr. Software gross sales have been 168.72 million, up 42.3%.

3DS {hardware} gross sales have been 690,000 models, and software program gross sales have been 4.99 million copies. For cellular, Nintendo’s IP-related revenue hit $480 million, up 11.5%.

For the forecast, Nintendo is frightened that COVID-19 will result in a worldwide decline in manufacturing and consumption.

Upcoming video games embody Xenoblade Definitive Edition in May and Clubhouse Games: 51 Worldwide Classics in June. In addition, Nintendo plans to launch The Isle of Armor for Pokémon Sword Expansion Pass and Pokémon Shield Expansion Pass by the tip of June because the first-ever add-on content material for the Pokémon sequence, and it’ll comply with that up with The Crown Tundra within the fall.