Let me tell you a story. It started when Nintendo was on a high with their Wii console. It seemed like nothing could touch them. Then, the Wii U came out, and…it didn’t do anywhere close to that system. Things were so bad that Nintendo was LOSING money, and people were freaking out. Many said that their next console, the Switch, would likely be its “last chance” to do something big, or it would go under. Well, it did something big! It’s been the dominant system of a generation, and even with what this year has had, it’s still doing incredibly.
Earlier today, Nintendo dropped its financial report for both the quarter and the new year. There were many things to talk about, including how the Switch had crossed 141 million units sold. However, just as important was this chart about its net profits for the fiscal year 2023. Hint: it was record-breaking:
Nintendo believed in their developers when times were tough and they are reaping the rewards now.
With a new development building being built and headcount growing each of the last 5 years, Nintendo is in growth mode. https://t.co/aIvxxgVpbW
— Stealth (@Stealth40k) May 7, 2024
It definitely helped that between Mario (both games and movies), Legend of Zelda, Fire Emblem and more, The Big N had a banger 2023. And even though you can see the down years via the Wii U on the chart, those are long gone, and now, we await the future where, hopefully, Nintendo keeps pushing forward and continues to elevate all they have.
