ShadowLink93 said:
Farsala said:
Regional YoY Q4 shipments
Japan .55m > .67m (+21%)
Americas 1.34m > .67m (-50%)
Europe .87m > .34m (-61%)
Others .3m > .27m (-10%)
Total 3.06m > 1.96m (-36%)
A massive drop in the quarter YoY. Japan somehow is up YoY, with Others barely down YoY. In other news the JPY hit a 34 year low against the dollar, and isn't faring much better vs other currencies. Europe and the Americas have massive drops. Maybe even Americans and Europeans are buying the Switch from Japan now.
To further explain this phenomenon, lets compare the full FY now that the FY is finished.
Regional FY shipments
Japan 4.37m > 4.41m (+1%)
Americas 6.97m > 5.52m (-21%)
Europe 4.98m > 3.90m (-22%)
Others 1.65m > 1.86m (+14%)
Total 17.97m > 15.70m (-13%)
Japan is up YoY for the entire FY in shipments, which is quite interesting because Famitsu had sales for the FY as +500k for the year before. Americas and Europe are down quite a bit, but steady. And Others continues to be a strong region with all their buddies getting the Switch from Japan.
Basically Nintendo thinks 13.5m is possible due to strong sales in Japan and Others, but that is due to the weak yen. So Nintendo predicts the Yen to be just as weak or even weaker, which honestly would annoy me, because I am already paying double price for some groceries as compared with before.
A regional breakdown for 13.5m could look like this.
Japan 4m
Americas 4m
Europe 3m
Others 2.5m
Japan keeps ridiculously strong due to the weak yen and Europe and Americas continue to fall. Others somehow increases greatly. Give or take a few 100k here or there.
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Great work. The hardware drops in Americas and Europe are bad, might be due to massive over shipments in Q3 though. Europe was only down 30% according to GSD sell through data but 61% down in shipments, plenty of unsold inventory left over from Q3.
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Yea I think Nintendo definitely overshipped in Q3 which lowered the shipments lower than expected relative to the sell-through numbers we were receiving from the U.S & Europe in Q4.
I remember many of us after the big declines we saw in November 2023 when it came to sell through numbers from the U.S & Europe we were expecting Switch to be closer to 5M shipped rather than 6.9M it actually shipped, while the 6.9M was bigger than we thought relative to the sell through numbers we saw, it became clear that Nintendo overshipped that quarter after we saw similar declines I'm Q4 but much worse shipments numbers. So 2M+ non-holiday quarters are still certainly possible from here on out once supply and demand becomes leveled again
