Nintendo digital sales have exceeded $1 billion for the first time in the company’s history. Nintendo has been involved in digital game sales ever since the era of the Nintendo Wii, although they have had some rough patches over the years with usability. The eShop has more or less become a reliable experience and that’s certainly a good thing considering the kind of money that Nintendo is moving in digital sales — it has racked up over $1 billion in a year for the first time ever.
The Consolidated Financial Statements for Fiscal Year 2018 states that Nintendo digital sales for the fiscal year ending in March 2019 clocked in at ¥118.8 billion which converts to slightly over $1.06 billion. This is nearly double the previous year’s sales of ¥60.8 billion (≈$543.7 million) — a 95.4% year-on-year increase.
The happy news about Nintendo digital sales is just a portion of the good (and somewhat less good) news that had recently come out from the company’s financial reports for the last fiscal year. While Nintendo Switch Online has come close to hitting 10 million subscribers, their flagship Nintendo Switch console has slightly missed its sales projections that had already been adjusted downwards earlier in the year. Game performance has been plenty strong in some respects with Super Smash Bros. Ultimate selling nearly 14 million copies so far.
Aside from the overall sales of consoles and digital software, Nintendo has also had success with opening up new business opportunities in the Asian market; the Japanese-based company recently received approval to be sold in China. This particular piece of news saw the company’s stock jump by 13% shortly thereafter. Ultimately, the last fiscal year has represented Nintendo’s best business year in a decade.
Whether you’re a customer or an investor, Nintendo has done exceptionally well for the last year. With E3 just a couple of months away, we’re sure to see some exciting news from one of the world’s biggest gaming companies that may make this year even better than the last.
