Showing: 29 RESULTS
News Nintendo Nintendo Switch

Nintendo Raises Software Target After Hitting 50 Million in Holiday Sales

Nintendo may be a little behind their target when it comes to Nintendo Switch hardware sales, but they’re absolutely knocking it out of the park when it comes to software. Nintendo released its third-quarter earnings report today, revealing that software sales for the past quarter (October 1st – December 31st) were above expectations. As a result, Nintendo’s now expecting higher than projected software sales for the fiscal year.

Nintendo shipped an impress 52.51 million pieces of Nintendo Switch software during the holiday season. That pushed the overall total to 163.61 million software sales for the platform. Sales from the past three months alone make up nearly one-third of total Switch software sales, which should give you a pretty good idea of just how many games Nintendo solid over the holidays.

As a result of these impressive sales, Nintendo is now raising its software forecast for the fiscal year. The company previously expected to sell 100 million units of software during the fiscal year, but they’ve raised that number to 110 million now. They’re currently sitting at 94.64 million, so they’re expecting to move at least another 15.36 million units from January 1st through March 31st.

Source: Nintendo

News Nintendo Nintendo Switch

Nintendo Lowers Their 20 Million Sales Goal for Switch

Much has been made of Nintendo’s sales goal for the Switch console over the past year. Nintendo went into 2018 with the lofty ambition of selling 20 million Switch units over the course of the fiscal year, which started on April 1, 2018 and ends on March 31, 2019. Analysts initially expected Nintendo to fall well short of the goal before seeing it as more possible thanks to strong holiday sales.

With the release of Nintendo’s third-quarter report, we now have a more clear picture of the situation. Nintendo performed well over the past quarter, and Switch passed up 30 million units sold, but it looks like it won’t quite be enough for Switch to reach its target. Nintendo is now forecasting 17 million Switch units sold for the fiscal year.

As of September 30th, 2018 Nintendo had sold just 5.07 million Switch units through 6 months, putting them well behind their target. After the holiday period, that number now stands at 14.49 million, meaning Nintendo sold 9.42 million Switch consoles from October 1st through December 31st. They would have to sell another 5 and a half million in the January – March quarter to hit their initial target, so they’ve scaled that back to just 2 and a half.

Source: Nintendo

Image: Review Geek

News Nintendo Nintendo Switch

Nintendo Reveals Promising Switch Sales Figures and Teases Unannounced Games

Earlier today, Nintendo presented information for the end of their past fiscal year ending in March 2017, reporting great sales number for the Nintendo Switch and The Legend of Zelda: Breath of the Wild. As a matter of fact, Nintendo has surpassed their projections for the Switch, and now they’ve set up optimistic figures for the current fiscal year, which is set to end in March 2018.

According to the Big N, the Nintendo Switch is already on the path to besting the Wii U in terms of sales within little more than its launch year. Currently, the Switch has sold 2.74 million units within the month since its launch, and now Nintendo has announced their plans to ship another 10 million before the end of the next fiscal year. Whereas the Wii U managed to ship only about 13.5 million units in its lifetime, this would put the Switch at a total of 12.74 million units shipped by the end of next March.

The innovative nature of the new console isn’t the only reason for Nintendo to suspect it can hit these numbers, as President Tatsumi Kimishima also specifically stated that “more unannounced titles” are on the horizon. We already know of several highly anticipated games, such as Splatoon 2, ARMS, and Super Mario Odyssey, among others, but if even more new and equally amazing titles are waiting to be revealed, this goal for the next fiscal year could be incredibly feasible.

Perhaps the most staggering figure presented at the meeting is the 2.76 million Breath of the Wild copies shipped for the Nintendo Switch alone, which is more than the system itself. Including Wii U copies of Breath of the Wild, 3.84 million copies of the game have been shipped.

With these numbers in mind, Nintendo projects to ship 35 million software copies for Nintendo Switch by the end of the new fiscal year. Adding in the 5.46 million units already shipped in March 2017, this would equal 40.46 software units shipped by the end of March 2018.

What do you think of these numbers? Are you excited for the success of Nintendo’s newest console, or are you cautious about celebrating the Switch as Nintendo’s most recent saving grace just yet? Let us know in the comments, and stay tuned for more coverage of Nintendo’s review of their 2016 fiscal year.

Source: Nintendo

No
ChannelImages
Our Verdict
Top

News Nintendo Nintendo Switch

Nintendo Switch is Popular Enough, Nintendo Just Doubled Their Production Plans

Much like with the Wii, Nintendo found major success with the launch of Switch, with the latter becoming the best launch of a Nintendo console ever. It’s no surprise then, that retailers have been plagued with short supplies, making it hard for consumers to purchase the device. Nintendo has certainly taken note of this and, according to inside sources, is already doubling their production for the next fiscal year.

Nintendo had originally planned to produce 8 million units starting this April, but has since doubled that to 16 million to account for the widespread success of the Switch, as reported by The Wall Street Journal. Of course, there’s a big difference in producing units and selling them. Nintendo has updated its sales projections for the Switch, hoping to sell more than 10 million units in the fiscal year ending March 2018. While this number is pretty huge, to provide some context, they predicted that 2.5 million units would be sold this month alone. Recently, research firm SuperData estimated that a total of
1.5 million units were sold in the first week, so it seems clear that these marks aren’t too far out there.

With a number of big games like
Splatoon 2 and Super Mario Odyssey set to come out over the next year, do you think Nintendo will reach these lofty goals?

Source: The Wall Street Journal (via GamesIndustry)

No
ChannelImages
Our Verdict
Top

News Wii Wii U

One of Nintendo’s Early Sales Projections Said Wii U Would Sell Nearly 100 Million Consoles

Nintendo’s Wii was a monumental success, selling over 100 million consoles worldwide. Before they launched its successor, Wii U, they repeated many times over that they expected every customer who bought a Wii to upgrade to Wii U. Four years later, the console has yet to reach 13 million sales.

In Nintendo’s latest shareholders meeting, one shareholder asked Nintendo President Tatsumi Kimishima, who was appointed after former President and CEO Satoru Iwata passed away nearly a year ago, about their situation leading up to NX as it compares to that of Wii U. He explained, “there is some report that Mr. Kimishima voiced concern before the release of Wii U, while I think Mr. Miyamoto was promoting Wii U with quite a lot of confidence.”

Kimishima
restated that his concerns about Wii U’s potential had been misconstrued, but not before confirming that one of Nintendo’s sales projections at the time expected Wii U to sell nearly 100 million consoles—over seven times their current lifetime sales projections.

“I do not wish to make excuses, but at the time of the Wii U launch, I was responsible for our sales base in the United States, and I never made any pessimistic comments. In an internal sales representative meeting, someone projected that we would sell close to 100 million Wii U systems worldwide. The thinking was that because Wii sold well, Wii U would follow suit. I said that, since the Wii had already sold so well, we need to clearly explain the attraction of the Wii U if we are to get beyond that and sell the new system, and that this would be no easy task. I was responsible for selling the Wii U, and I knew what was good about it, so I talked with those in charge of sales about the importance of conveying the attractiveness of Wii U to consumers. I am guessing that some of this communication may have come across in a negative tone.” —
Tatsumi Kimishima

Kimishima’s job was to convey what value Wii U presented to the consumer, and being a constantly-innovating company, Kimishima knew Wii U couldn’t sell as many units as Wii by using the same message to its advantage. It’s true, of course, a wildly different kind of console requires a wildly different strategy.

Source: Nintendo

No
ChannelImages
Our Verdict
Top

News Nintendo Switch Wii Wii U

GameStop Expects NX to Sell Roughly Between as Many Units as Wii and Wii U

GameStop recently had its quarterly financial conference call, during which it revealed its predictions of possible NX sales revenue for the company when the console launches. Executive Vice President of Business Strategy Mike Hogan discussed these sales during the conference call, estimating that even if the NX just does 20% better than the Wii U, it could generate over $2.7 billion dollars in revenue. But if it did just half as well as the Wii, the console could sell enough units to earn the company over $7.5 billion.

During the Q&A section of the call, Hogan also addressed the rumors about the NX having cartridge media, saying that while the company cannot confirm these rumors, cartridges would be beneficial as they are easier to package and refurbish. Overall, however, Hogan stated that the company is excited for the NX and the possibility of physical media for the device.

“Nintendo has confirmed that they will be introducing a new console in early 2017. So let’s take a look at the potential for just that one new console. Once again, we’re not projecting. We are simply looking at the potential for the new console in comparison to prior consoles.

“Should the new NX perform only slightly better than the Wii U, it would generate 2.7 billion dollars in incremental sales over the first two years. Should it perform at even half of the level of the Wii, it would generate 7.5 billion units of incremental sales over that time frame. You can of course apply GameStop’s market share to estimate the impact on GameStop’s sales.

“While it’s too early to offer definitive projections, we are monitoring the situation closely in terms of product availability and features, consumer awareness and purchase intent. We plan to provide updates this quarter.” — Mike Hogan

What do you think about these predictions? Let us know in the comments!

Source: DualShockers

Yes
ChannelImages
Our Verdict
Top

News PlayStation 4

Sony Expects to Sell 20 Million PS4 Consoles This Fiscal Year

Sony has released its financial forecast for the current fiscal year (April 1st, 2016 – March 31st, 2017), and they’re expecting big things for their already successful home console. PlayStation 4 is estimated to be sitting at around 40 million sales currently, and Sony projects that it will sell another 20 million units this year, contributing to a projected 8.3% increase in overall sales for the company. In addition to the hardware sales boost, Sony expects to see an increase in software sales, including sales through the network. Sony also projects that PlayStation 3 sales will decline this year, which should come as a surprise to no one.

Source: GameSpot

No
ChannelImages
Our Verdict
Top

3DS News Wii U

Nintendo Expects to Sell 5 Million 3DS Units and Under 1 Million Wii U Units in the Next Year

In the company’s recent financial releases, Nintendo has announced its projections of its hardware sales for the upcoming fiscal year. The company expects to sell five million 3DS units over the next twelve months, while the Wii U’s projection sits at eight hundred thousand. It’s worth noting that both of these figures are smaller than those of the previous year.

Source: Nintendo

No
ChannelImages
Our Verdict
Top

3DS News PlayStation 4 PlayStation Vita Wii U Xbox One

GameStop Predicts that Physical Game and Console Sales Will Drop This Year

GameStop recently held a financial conference call to go over their predicted sales and revenue for 2016. During this conference call, Robert Lloyd, Chief Financial Officer at GameStop, announced that the company predicted a 10% drop in overall hardware sales, and a 5% to 10% drop in sales of new software in 2016, as compared to last year.

Robert Lloyd and the other GameStop executives at the meeting did not provide more specific numbers, or specify which platforms will contribute to this drop the most.

Source: DualShockers

No
ChannelImages
Our Verdict
Top

3DS News Wii U

Nintendo’s Slow Sales Have Forced Them to Slash Their Profit Forecast by Over 50%

Earlier this month, Nintendo released its third quarter financial results for the current fiscal year, revealing that it earned around $241 million in profits for the quarter. Despite this performance, Nintendo held fast when it came to its net profit forecasts for the entire year, choosing to remain with the ¥35 billion estimate it developed in May 2015. Things have changed, however, and Nintendo has chosen to slash this forecast by a whopping 51%, bringing the estimate down to ¥17 billion (around $148 million at an assumed exchange rate of ¥115/dollar). This change was brought about by the yen’s appreciation with foreign currencies as well as slow sales over the last quarters. Nintendo has also cut 3DS hardware and software sales forecasts by 13% and 16% respectively.

Source: Nintendo

No
ChannelImages
Our Verdict
Top

News

SEGA’s Financial Expectations are Plummeting, and They’ve Slashed Projected Profits by 90%

2015 has been a pretty bad year for SEGA. The company reported a decrease of 42 percent in net sales in July, offered around 200 employees voluntary retirement in October, and recently admitted the quality of recent games has been unacceptable. Now, SEGA has announced that they are cutting the company’s revenue and profit forecast by a whopping 90% for the fiscal year ending March 2016.

SEGA has slashed their revenue forecast from ¥420 billion to ¥355 billion, resulting in a 15% difference. Operating income is dropping from ¥25 billion to ¥10 billion, while net profit is declining from ¥19 billion to just ¥2 billion. This seems to be because of delays in their game release schedule and the crowded Pachislot and Pachinko Machine market.

In a letter to investors, SEGA claims that they are looking to change up their business strategy and have revised their Pachislot and Pachinko Machine sales expectations, as competition in the Japanese market is “intensifying.” It seems that many upcoming SEGA titles are being delayed, as “higher-quality content is expected, thus resulting in a trend of longer development lead times.”

What do you think about all of this? Check out the source for the letter SEGA sent out to their investors.

Source: SEGA SAMMY Group

No
ChannelImages
Our Verdict
Top

News PlayStation 4

PlayStation 4 is Closing in on 30 Million Units Shipped, Sales Forecast Increased

PlayStation 4 is off to an absurdly fast start, outpacing even the incredibly popular PlayStation 2, and it doesn’t look like sales are slowing down anytime soon. Sony’s console shipped 3 million units in the first quarter (April 1st — June 30th) of fiscal 2015, and their second quarter earnings report shows that they outdid that respectable figure by shipping 4 million units over the past three months. This brings the total number of PlayStation 4 shipments to 29.3 million, prompting Sony to increase their yearly forecast for the console from 16.5 million to 17.5 million.

Source: Sony

No
ChannelImages
Our Verdict
Top

News PlayStation 4

Sony Expects to Sell 16.5 Million PS4s in Fiscal 2015

Sony recently released its quarterly financial report, showing impressive numbers for PlayStation 4, and they expect that momentum to continue. As part of Sony’s sales forecast for fiscal 2015 (the period of time between April 1st, 2015 and March 31st, 2016), they are projecting 16.5 million PlayStation 4 sales.

PlayStation 4 sales have already eclipsed 25 million in just 19 months (three million of which came during the current fiscal year), and Sony expects another 13.5 million by the time they close the books on 2015. If that projection holds true, PlayStation 4 will be sitting at around 38.8 million sales by next April.

Source: DualShockers

No
ChannelImages
Our Verdict
Top

3DS News Wii U

Nintendo Expects to Sell 7.6 Million 3DS Units, 3.4 Million Wii U Units This Year

Nintendo has released its financial report for the first quarter of the fiscal year (April 1st through June 30th, 2015), and it includes a forecast for the future. For the entire fiscal year (April 1st, 2015 through March 31st, 2016), Nintendo expects to sell 7.6 million 3DS units globally and 3.4 million Wii U units. By comparison, Nintendo expected to sell 12 million 3DS units and 3.6 million Wii U units last year and fell short of that goal, selling 8.73 million and 3.38 million respectively. Their expectations for this year are very close to the actual numbers from last year, so Nintendo expects to continue at a similar rate.

Nintendo also gave projections for software in the same time period. 3DS is expected to move 56 million pieces of software, while Wii U is expected to sell 23 million pieces of software. Comparing to last year again, 3DS software sales were 62.74 million and Wii U software sales were 24.4 million, so Nintendo is expecting declined numbers this year.

Source: Nintendo

No
ChannelImages
Our Verdict
Top

3DS News

Capcom Expects Monster Hunter X to Sell 2.5 Million Copies This Fiscal Year

Last month we reported that Capcom anticipated 2.5 million sales for Monster Hunter Stories this fiscal year, but Capcom has since clarified that this is not the case. The report stated that Capcom expected a new Monster Hunter game to hit that sales mark this year, and this revelation came shortly after Monster Hunter Stories was announced, but Capcom has since clarified that the impressive forecast is actually for the recently announced game Monster Hunter X. X features traditional Monster Hunter gameplay, but with a focus on flashy combat. It launches in Japan this Winter.

Source: Siliconera

No
ChannelImages
Our Verdict
Top

3DS News

Monster Hunter Stories Gets a Launch Window, Capcom Predicts Incredible Sales

Last month, Capcom unveiled Monster Hunter Stories, a Monster Hunter spin-off game with a cartoon-esque graphics style and traditional RPG gameplay. The 3DS exclusive was announced with a generic 2016 launch window in Japan, but Capcom has narrowed it down substantially. In their recent investors report, they told investors that they anticipate Monster Hunter Stories will sell 2.5 million copies in Japan during this fiscal year. The fiscal year ends on March 31, 2016, so Stories is planned to launch before then.

Capcom’s forecast of 2.5 million units sold by the end of the fiscal year shows an incredible amount of faith in
Monster Hunter Stories. By comparison, Capcom predicted that Monster Hunter 4 would sell 3 million copies in the six and a half months between its launch and the end of that fiscal year. With Stories not coming out until 2016, it has three months at the most to meet its sales target of 2.5 million, and that’s if it launches on January 1. That projection looks even more bold when you realize that Street Fighter V is also launching in the first quarter of 2016, and Capcom is only predicting 2 million sales for it worldwide across PlayStation 4 and PC by March 31, while Monster Hunter Stories is expected to sell 2.5 million just on 3DS in Japan.

Source: Siliconera

No
ChannelImages
Our Verdict
Top

News PC PlayStation 4

Street Fighter V Will Launch Before March 31, 2016

Last year, Capcom unveiled Street Fighter V for PlayStation 4 and PC. We’ve seen quite a bit of footage since then, but Capcom only gave a launch window of “early 2016.” That picture got a little clearer today, as Capcom included the upcoming fighter in their report for the current fiscal year, noting that they anticipated 2 million sales. The current fiscal year ends March 31, 2016, which means Capcom will be launching the title before then, and far enough in advance that they expect it to sell 2 million copies before that date is reached.

Source: Siliconera

No
ChannelImages
Our Verdict
Top

News PlayStation 4 Xbox One

EA Projects 22 Million Sales for PS4 and Xbox One in 2015

EA recently held a quarterly investor meeting, and their data shows a fast transition from the last generation to the current one. EA reports that 27 million combined consoles were sold between PlayStation 4 and Xbox One last year, and they’re projecting another 22 million by the end of 2015. This quickly-growing current gen install base has been reflected in software sales, where EA reports that 80% of Battlefield Hardline sales were on PlayStation 4 and Xbox One.

This report also suggests that Microsoft sold 8.5 million Xbox One units last year. Sony reported 18.5 million PlayStation 4 sales last year, so if EA’s estimate of 27 million combined consoles is correct, that leaves 8.5 million for Xbox One.

Source: DualShockers

No
ChannelImages
Our Verdict
Top

3DS News Wii U

Nintendo Projects $1 Billion in Amiibo Sales in the US Alone

Nintendo is sticking with a rather conservative estimate of 3.6 million Wii U consoles sold for the fiscal year (April 1, 2014 through March 31, 2015), but they have high hopes for one of their other platforms. Amiibo, the latest figurines in the “toys-to-life” category, have proven to be extremely popular. According to a report from Bloomberg (which predicts big profits for Nintendo), Nintendo expects to generate $1 billion from Amiibo in the United States alone. This number is likely total sales and not net profit, but it’s still an impressive figure if it’s reached.

Source: Bloomberg

No
ChannelImages
Our Verdict
Top

News PlayStation 3 PlayStation 4 PlayStation Vita

Sony Hopes to Increase PlayStation Sales by 25 Percent

In light of the PlayStation 4’s tremendously successful launch, Sony executives have announced via an investment conference that they are hopeful that the company’s gaming division will increase profits to around 1.6 trillion yen ($13.6 billion) — around a 25 percent increase from its current total revenue. An increase in non-gaming applications on PlayStation platforms are the company’s current focus, with executives remaining optimistic about PlayStation 4’s estimated install base of between 11 million to 13 million users.

With other divisions of Sony struggling — Sony Mobile and its Television divisions aren’t doing so great as of late — PlayStation could be exactly what the company needs in order to regain some of its lost traction, especially with added momentum from PlayStation Now once it concludes its beta phase.

Source: Reuters

No
ChannelImages
Our Verdict
Top