
Today, Nintendo released their quarterly update about the state of their business, covering the beginning of October to the end of December—the biggest time period for them of the year in terms of selling software and hardware. I'd say it didn't disappoint, but their stock dropped 4% today, so it kind of did. That's because Nintendo's goal of selling 20 million additional Nintendo Switch consoles from April 1 2018 to March 30 2019 was reduced to a goal of 17 million. I thought everyone already knew that Nintendo's goal was overly ambitious and they weren't going to reach it, and that would have already been baked into Nintendo's stock price.
Guess not.
Here's some updated sales numbers Nintendo has provided, in my quarterly chart of fun:
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Featuring no sales data on ARMS, Xenoblade Chronicles 2, or the Nintendo Labo! |
I'm pretty sure, to this day, ARMS is outselling the Nintendo Labo, collectively. One Labo is too many, so over a million Labo is a concern. In any case, KoopaTV's anti-Labo crusade is clearly having a big impact and the Labo is widely considered across the industry to be a failure. That's another victory.