How much money did Nintendo make in 2023?

Nintendo made $12.78 billion in 2023, with its net sales amounting to just over $12.04 billion, down from over $14 billion a year earlier, while also making $37.7 million in a day. The company’s revenue in 2023 was a significant figure, reflecting its ongoing presence and influence in the gaming industry, with its Revenue (TTM) standing at $12.78 B, compared to $12.62 B in 2022 and $14.87 B in 2021.

FAQs About Nintendo’s Revenue and Related Topics

General Information

1. How much money does Nintendo make in a day? Nintendo makes $37.7M in a day, showcasing its substantial daily revenue.
2. Is Nintendo worth billions? Yes, Nintendo’s net worth as of October 26, 2023, is $52.57B, highlighting its significant market value.
3. Who is richer, Nintendo or Disney? In terms of market cap, Disney has almost $200 billion and Nintendo has around $80 billion, indicating Disney’s higher market capitalization.

Nintendo Consoles and Sales

4. Will there be a new Nintendo in 2023? There are no plans announced for a new Nintendo console in 2023, but the Switch’s successor is expected in the second half of 2024.
5. How many Nintendo Switches have been sold in 2023? The sales of Switch hardware were down from 23.06 million units in Fiscal Year 2022 to 17.97 million in Fiscal Year 2023, representing a 22.1% decline.
6. Is the Switch 2 confirmed? Yes, the Switch 2 is confirmed for release in the second half of 2024, with development kits already distributed to key partner studios.

Competitor Comparison

7. How many people own a PS4? As of September 2023, cumulative sales of Sony’s PlayStation 4 gaming console had risen to more than 117 million units.
8. How many Xbox sold? As of September 2023, nearly 58 million Xbox One units have been sold worldwide.
9. Has PS5 or Xbox sold more? The PlayStation 5 is reportedly outselling the Xbox Series X/S by an impressive margin.

Future Developments

10. Will there be a new Nintendo console in 2024? Yes, Nintendo will release its next-gen console during the second half of 2024, according to recent reports.
11. How much will Switch 2 cost? The digital-only model of the Switch 2 is expected to retail at $400, while the standard edition will be $50 more expensive.
12. Will the Switch 2 be handheld? Yes, the Switch 2 will be a hybrid handheld console, similar to the Nintendo Switch, allowing for portable mode.

Historical Context and Other Information

13. How old is the Switch? The Nintendo Switch was released worldwide in most regions on March 3, 2017.
14. Do they still make the Wii U? No, Nintendo formally announced the end of Wii U production on January 31, 2017, and online functionality will be discontinued by March 31, 2024.
15. Why did the Wii U fail? The Wii U failed due to not having enough games, huge droughts between releases, and a lack of third-party and first-party titles, including popular Nintendo IPs.