Nintendo Fiscal Earnings Released With Switch And Zelda Sales Numbers

Posted: Apr 27 2017, 2:20am CDT | by , in News | Technology News

 
Nintendo Fiscal Earnings Released with Switch and Zelda Sales Numbers
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The Japanese video game maker Nintendo released its fiscal earnings on April 27.

Nintendo released its highly anticipated fiscal earnings on Thursday April 27 at 4pm Tokyo time. Things have not looked better for Nintendo in a long time. The Nintendo Switch is off to a great start and stores cannot keep the console on store shelves.

Nintendo sold 2.74 million units of the Nintendo Switch consoles. Today Nintendo revealed that the company sold a stunning 2.76 million copies of The Legend of Zelda: Breath of the Wild.

Nintendo forecasts to sell 10 million Nintendo Switch consoles in the next 12 months. Nintendo is raising the dividend per share to 430 yen. The full Nintendo Fiscal earnings numbers are available on Nintendo's site.

Nintendo was in the lucky position to have two hot selling consoles. Earlier this month, Nintendo killed one of their consoles. The $59.99 Nintendo NES Classic is still in red hot demand, but Nintendo did not expect that too happen.

The badly received decision to discontinue the NES Classic is likely attributed to thin margins. Nintendo also has no way of monetizing game sales on the NES Classic and had to watch how hackers packed 2,500 games on the little box. The last NES Classic units are arriving until end of April according to Nintendo. The current list of stores where to find a rare NES Classic is rather short

Nintendo launched a 80s retro console on November 11, 2016. The Nintendo NES Classic developed into a surprise success. Nintendo struggles to make enough units since launch. Now that the NES Classic is almost sold out after the announcement of the end of production, the reseller prices have sky rocket. The NES Classic reseller prices are now 400% above the list price. Marketplace prices of the NES Classic are around $300.

Nintendo announced on April 14 the Nintendo Switch sales numbers for the first month. The Switch is the fastest selling console in Nintendo's history in the United States. Nintendo sold over 900,000 Switch consoles in the United States in the first month. Research firm SuperData estimated ahead of the earnings call that Nintendo sold 2.4 million Switch consoles world-wide.

Nintendo launched the Nintendo Switch on March 3, 2017. The company has not released official sales numbers for the new hybrid console. The $299.99 Nintendo Switch is almost as hard to find as the NES Classic. The Switch beat the PS4 in reaching 500,000 units in Japan, according to a numbers of Media Create.

Nintendo's stock has been rising in the past weeks. It slowed down in early April. Read the latest NES Classic stock updates and Nintendo Switch stock updates.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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