Nintendo Misses Estimates as Lack of New Games Hits Sales Growth

Nintendo Misses Estimates as Lack of New Games Hits Sales Growth

Nintendo Misses Estimates as Lack of New Games Hits Sales Growth

Almost 23 million Nintendo Switch have been sold since it's launch.

The company highlighted digital "sales of downloadable versions of packaged software and add-on content for Nintendo Switch showed especially good growth", of 71.7% year-over-year.

The Switch had already surpassed the 13.56 million lifetime sales of its Wii U predecessor as of January 2018.

Japan's Nintendo Co Ltd on Tuesday said sales of Switch consoles and games pushed operating profit up 30 percent in the July-September period to reach its highest quarterly result in eight years. As you can see, despite shifting another 6 million consoles between those two dates, there was no significant change in the attach rate, suggesting that these games are selling at a similar pace to the console itself.

The hybrid console has sold 22.86 million units to be exact, nearly 10 million more than its predecessor the Wii U, which managed 13.56 million lifetime sales over its four-year lifespan.

For the year to March, it maintained its optimistic annual targets, expecting a net profit of 165 billion yen on sales of 1.2 trillion yen. "The holiday season battle begins now". The Switch has become a haven for re-releases of older third-party games like Dark Souls and indie hits including Overcooked! 2.

Still, remakes and indie titles aren't compelling enough for most people to buy a new console.

While price drops and bundles can have an impact on console sales, another big driver is software releases.

Traditionally, the final quarter of the calendar year accounts for a large portion of video game and video game hardware sales.

Nintendo hasn't announced a new Mario Kart for the Switch, but it is working on one for smartphones.

Still, Nintendo doesn't seem phased, and believes upcoming releases like Super Smash Bros.

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