Nintendo Reports $5.3B In Sales, $2B In Profit: Original Switch Sales Rise As Switch 2 Awaits Its Debut

Nintendo ADR (OTC: NTDOY) has reported strong financial results for the first six months ending Sept. 30, bolstered by the success of games like "Zelda: Tears of the Kingdom" and The Super Mario Bros. Movie.

According to IGN, the company announced a 21.2% year-on-year increase in sales, reaching approximately $5.3 billion, and a 27% year-on-year increase in profit, amounting to approximately $1.9 billion.

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These sales figures mark the highest since the launch of the Nintendo Switch in March 2017. The company also raised its profit forecast for the current financial year to approximately $2.8 billion.

Despite the anticipation of Nintendo's next-generation console, the original Nintendo Switch saw increased sales, with 6.84 million units sold during the six-month period, representing a 2.4% year-on-year growth.

The OLED model was the most popular, with 4.69 million units sold, followed by the standard Switch at 1.25 million units and the Switch Lite at 900,000 units, bringing total Switch sales to 132.46 million.

Key game successes include "Zelda: Tears of the Kingdom" with 19.5 million copies sold and "Mario Kart 8 Deluxe" at 57 million copies, making it the best-selling Switch game.

Upcoming releases include:

• Super Mario RPG
• Mario vs. Donkey Kong
• Princess Peach: Showtime!
• Luigi's Mansion 2 HD
• and "Paper Mario: The Thousand-Year Door."

The release date for "Metroid Prime 4" is still to be announced. Nintendo's next-generation console, tentatively referred to as the "Switch 2," is expected to launch in 2024, with features like a portable mode and an LCD screen to reduce costs. It will also include a cartridge slot for physical games, though its compatibility with Nintendo Switch games remains uncertain.

A new "The Legend of Zelda" game is in development. It is expected to be released on Nintendo's next console rather than as DLC for "Tears of the Kingdom".

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Image credits: Ekaterina_Minaeva on Shutterstock.