Nintendo Generated $11.347 Billion From The Switch In The Last Fiscal Year

Nintendo recently published its latest FY23 annual year report that sheds light on many enticing stats for the last fiscal year. The new document has revealed that Nintendo Switch is still going strong despite its aging hardware over the last year. In other words, the popular Switch evidently earned an influx of $11.347 billion in sales in the last fiscal year. Despite a gigantic figure, the sales were still lower than in FY22, which is to be expected.

The conglomerate is also producing great revenue from the other consoles. The platforms other than the Nintendo Switch amounted to a staggering sale of $268 million together. The mobile gaming and IP-related income, including smartphone titles and royalties, seemingly generated $383 million together. The playing cards alone has produced $42 million for the renowned company in the last fiscal year.

In terms of overall generated income, Nintendo earned a massive $12.042 billion in net sales revenues, and the Switch was responsible for garnering most of it. The company also saw a satisfactory amount of cash flow for its huge size, $2.427 billion, which was brought about by operating activities.

Nintendo reported $17.041 billion in net assets at the end of the last fiscal year, with $16.141 billion emerging from shareholder equity. It mainly consisted of $17.990 billion in retained earnings if the $2.037 billion loss of treasury sales is subtracted. The liabilities or debts it had to pay amounted to $4.419 billion in total.

At the end of the period in the last fiscal year, Nintendo boasted $8.981 billion in cash equivalents, which can be liquidated should the need arise in the future. The cash equivalents are the value of the company’s assets that can be converted into cash. The cash equivalents at the beginning of the period were $7,689 billion, meaning the last fiscal year was quite successful for the company compared to FY22.

The Japanese giant also generated $9.122 billion worth of hardware, games, and services related to the Switch platform. The global sales of games, content, and hardware throughout FY23 amounted to the worth of $11.347 billion. Overall, Nintendo had a pretty strong fiscal year despite failing to match the FY22 statistics. The steady decline of its Switch console is expected as it seemingly reaches its last few years. 

There have been many rumors regarding the successor of the Switch, implying that we may see the next-gen console soon. A recent rumor teased that the console will launch in the Q1 of next year; it could be true since the dev kits for the Switch successor have already started rolling out to several studios around the globe. Alongside a few studios, a Spanish dev team has already received them to create the next-gen titles for the awaited console.

The Switch has only recently started to stop rising after selling in huge amounts over the last half a decade. It recently set a record in the United States that no console has in over 30 years. The Legend of Zelda: Tears of the Kingdom’s release also helped it gain a new wave of sales for a while.

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