It’s no secret that the Nintendo Switch has been selling incredibly well since it launched last March. Nintendo recently reported that worldwide sales of the system have hit nearly 15 million units as of the end of December 2017, which means that the Switch has already outpaced the lifetime sales of its predecessor the Wii U. Nintendo isn’t the only one who’s enjoying the system’s sales success, Nvidia is also reaping the benefits.
Nvidia provided the Tegra chipset that powers the Switch. It’s pretty much the most valuable component of the entire system, so it’s no surprise that the Nvidia’s revenue in the fourth fiscal quarter (Q4 2018) has grown quite a bit as a result of high Switch sales. The company released a financial report recently, and the Switch was specifically mentioned as a big factor in revenue increase. CNBC’s report of Nvidia’s financial status reveals that the Switch contributed to a 75% increase in year-over-year Tegra processor revenue. This generated a whopping $450 million. This made up a part of the company’s total revenue increase for Q4 2018 which jumped 34% compared to the previous year. Nvidia’s total amount of revenue for the total fiscal year was a massive $9.71 billion dollars.
Now I see why Nvidia’s theme color is green—it’s just drowning in money right now.
As the Nintendo Switch continues to live on, it will be interesting to see how its sales will pan out. It’s current sales performance is outpacing the levels the Wii and PS4 were at during the same period in their lifetimes, so that does give the Switch a fighting chance for possibly ending up as on of the best-selling systems ever. While it’s still early to say for sure since the system is still less than a full-year-old, this is impressive regardless.