The Switch is closing in on the PS4 for best-selling consoles

The Switch and Game Boy owner just announced this Wednesday (08/03) Financial figures for the first fiscal quarter of 2022 (Q1 FY 2022)The period that covered the months from April to June of the calendar year 2022. In console sales, the hybrid is getting closer to the PS4.

Will Nintendo Switch Sports Help The Console Overtake PS4? (Photo: C. Emanuel B. Laguna)

The first quarter of 2022 financial report indicated that the company had the following numbers:

NINTENDO FINANCIAL STATEMENT
Period → Q1 FY 2021
(April – June 2021)
Q1 FY 2022
(April – June 2022)
the difference
income ¥322.65 billion
($2.95 billion)
¥307.46 billion
($2.26 billion)
– 4.71%
(in yen)
Total profit ¥192.87 billion
($1.76 billion)
¥184.6 billion
($1.36 billion)
– 4.29%
(in yen)
operating profit ¥119.75 billion
($1.09 billion)
¥101.65 billion
($746.8 million)
– 15.12%
(in yen)

Table translation: What was the first fiscal quarter of 2022 for Nintendo? Yes, the Japanese giant will go bankrupt.

Now seriously: With the average yen exchange rate in the first quarter of 2022 at 136.11 yen / USD, there was much joy for large investors and shareholders, despite the decline in revenue and a significant drop in operating income. Ordinary profit rose 28% from 128.6 billion yen to 166.7 billion yen, but a weaker yen ate into the benefit of that positive domestic figure.

in the first fiscal quarter of 2022 (April – June 2022), digital sales accounted for 53% of software sales; Raising ¥88 billion.

Laguna-Nintendo-Switch-Q1-2022-hardware-sales-Game-Boy

The Switch aims to be bigger than the Game Boy (Credit: Nintendo)

Between April and June 2022, the Switch sold 3.43 million units in the civilized world. An average of 1.14 million units per month. Recall that in the same period of 2021, the hybrid console sold 4.45 million units. A drop of 22.9%.

Out of 3.43 million consoles sold, the Switch Lite sold 590,000 units in the first quarter of 2022. A 48.2% drop compared to the same period in 2021. Blame the newcomer Switch OLED, which has already sold a total of 732 million. per unit, by 1.52 million in the second quarter of 2022 alone.

As Nintendo confirmed worldwide sales of 107.65 million consoles by March 2022, we had the base set for the second quarter of 2022 together. 111.08 million consoles Nintendo Switch with 18.99 million Switch Lite units.

After 64 months of sales, the hybrid console is already in the rear view of the PS4 (117.2 million units) and Game Boy (118.69 million units)which surpassed the company’s most successful desktop console, the Wii (101.63 million units).

Nintendo expects to ship 21 million new consoles to stores in fiscal 2022, so Uncle Laguna is skeptical about the new console model: I’m guessing the OLED version alone won’t bring in that many new sales for a console that’s more than 5 years old. A clue that could confirm my guess would be the increase in the cost of raw materials purchased for the current Switch models, which could cover the supply of components for the supposed new console model.

In any case, the most important part of the company’s total revenue, besides the millions of Nintendo Switch Online subscribers, is the sale of exclusive software. Let’s take a look at the following general ranking of Nintendo games on Switch (sold until 30 June 2022):

  1. Mario Kart 8 Deluxe — 46.82 million copies;
  2. Animal Crossing: New Horizons — 39.38 million copies;
  3. Super Smash Bros. final — 28.82 million copies;
  4. The Legend of Zelda: Breath of the Wild — 27.14 million copies;
  5. Pokemon Shield / Pokemon Sword — 24.5 million copies;
  6. Super Mario Odyssey — 23.93 million copies;
  7. Super Mario Party — 18.06 million copies;
  8. Pokemon Shining Pearl / A brilliant diamond — 14.79 million copies;
  9. Pokemon Let’s Go, Pikachu! / Pokemon Let’s Go, Eevee! — 14.66 million copies;
  10. Ring Fit Adventure – 14.54 million copies.

While not in the console’s overall cumulative top 10, three other first-party games managed to surpass the million copies sold outside of MK8D in the first quarter of 2022. sports Nintendo Switch Sports and Mario Strikers: Battle League 4.84 and 1.91 million copies were sold respectively.

1.88 million copies Kirby and the Forgotten Land Sales in the second calendar quarter led the game Kirby’s Star Allies As the best-selling Pink Acorn game in the franchise. Kirby and the Forgotten Land It is already collecting 4.53 million copies.

The company aims to sell at least 210 million copies of Nintendo Switch games in fiscal year 2022, which runs from April 2022 to March 2023, including games from other publishers. Is this an optimistic forecast?

Sources: Gematsu, NeoGAF, ResetEra, and Venture Beat.

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