Nintendo has just announced their financial results for the first fiscal quarter of the year, and the results are looking great so far. The company has seen significant increases in sales across multiple areas and they are expecting to continue having strong sales throughout the rest of the year.
Sales have increased by 9.1% year-on-year, while operating profit has increased by 88.4% during the same period. The company has seen strong sales with games such as Donkey Kong Country: Tropical Freeze on the Switch, which has sold 1.40 million units so far, and Mario Tennis Aces, which has sold 1.38 million units. The Nintendo Labo is also off to a decent start, with a total of 1.39 million units sold so far.
Overall, software sales has seen significant growth, with a 120.8% increase year-on-year, whereas hardware sales have decreased by 4.4%. As for the Nintendo 3DS, hardware and software sales have (unsurprisingly) decreased year-on-year. Digital sales and add-on content have also sold well overall with a 68% increase year-on-year. The company also reports that smart devices and IP related income has reached 9 billion yen as of now.
Nintendo also stands by its prediction to sell total of 20 million units of the Nintendo Switch in this fiscal year. Although shipments of the Switch have slowed down during this quarter, its sales have been going up after E3. There are also a lot of upcoming titles planned for the year including some Pokémon titles, Super Smash Bros. Ultimate, and games from other publishers. Overall, it looks like it’s going to be a pretty good year for Nintendo.