Connect with us

Datastream

Visualizing Nintendo’s Handheld vs. Home Console Sales

Published

on

Nintendo Handheld vs Home Console Sales

Nintendo Handheld vs Home Console Sales

The Briefing

  • Nintendo’s handheld consoles have regularly outsold their home console counterparts
  • Nintendo handhelds have sold 440.53M units vs. 280.87M Nintendo home console units
  • Despite the Switch being hybrid, Nintendo still released a handheld-only version: the Switch Lite

Comparing Nintendo’s Handheld vs. Home Console Sales

Since the release of the original Game Boy in 1989, Nintendo has dominated the handheld game console marketplace.

Since then, the company has always offered a handheld and a home console, enabling them to capture a broader audience of gamers and non-gamers.

While handheld systems have regularly outsold their home console counterparts, combining the two into the hybrid Nintendo Switch has proven profitable for Nintendo.

The Power of Portable Games

The popularity of handheld game consoles isn’t surprising when considering their lower price points and accessibility.

Nintendo’s handheld consoles typically cost about 30-50% less compared to the home console of the same generation.

Game ConsoleConsole TypeU.S. Price
NESHome$199
Game BoyHandheld$89
SNESHome$199
Nintendo 64Home$199
Game Boy ColorHandheld$99
Game Boy AdvanceHandheld$99
Nintendo GameCubeHome$199
Nintendo DSHandheld$149
Nintendo WiiHome$249
Nintendo 3DSHandheld$249
Wii UHome$349
Nintendo SwitchHybrid$299
Nintendo Switch LiteHandheld$199

The lower price point makes handhelds an easier purchase for parents, and their portability makes them a flexible entertainment option. A handheld console is an easy distraction wherever the kids are, and ensures the TV isn’t occupied when they’re gaming at home.

How the Switch Unified the Handheld and Home Console

The hybrid approach for the Nintendo Switch has proven successful, offering flexibility in how to play while bringing home console graphics and bigger budget games to the small screen.

With more than 58M units sold since release, the Switch’s popularity led to the 2019 release of the Nintendo Switch Lite, a sleeker handheld-only version which costs $100 less.

The new console’s lower price-point and color variations have helped it sell more than 10M units as of Nintendo’s latest numbers (Sept. 2020). In a financial results briefing, Nintendo noted that the Switch lite has attracted more female users, and that it was the second Nintendo Switch system for more than 40% of buyers.

While many thought the Switch Lite to be redundant considering the original’s handheld capabilities, both new and old audiences have shown there’s still an appetite for handheld-only consoles.

»If you found this article interesting, you might enjoy this full-length post on Nintendo console sales: Switch to Success: 20 Years of Nintendo Console Sales

Where does this data come from?

Source: Nintendo filings

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Comments

Datastream

Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

Bitcoin is now part of a select very few assets that hold a market cap greater than $1 trillion. How long did it take to get there?

Published

on

Bitcoin fastest asset to $1 trillion

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

AssetTime To Reach $1 TrillionCurrent Market Cap
Microsoft44 years$1.9 trillion
Apple42 years$2.2 trillion
Amazon24 years$1.7 trillion
Google21 years$1.5 trillion
Bitcoin12 years$1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.

3. Financial institutions finally joining in?
Mastercard, Visa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrencies.

On to the Next Trillion?

Future projections for the price of bitcoin are garnering more extreme and widening price targets.

The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?

Where does this data come from?

Source: coinmarketcap.com
Notes: Financial data is as of April 12, 2021

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading

Datastream

What The Data Says About Wealth Inequality

Over the past decade, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%.

Published

on

The Briefing

  • Today, the top 1% of U.S. households own 31.2% of total wealth
  • Data going back over 200 years suggests that wealth inequality in both the U.S. and Europe reached its peak in the early 1900s

What The Data Says About Wealth Inequality

Wealth inequality has gone through peaks and troughs throughout history.

Most recently, in the decade between 2010 and 2020, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%.

However, when expressed in raw dollars, things begin to look different. Wealth during the same period for the 1% went from approximately $17.5 trillion to $35 trillion. Meanwhile, the total wealth pool rose from $60 trillion to $112 trillion.

In other words, all households by category have amassed wealth during the same period, albeit at different rates.

Household Wealth PercentileAnnual Growth in Wealth (CAGR)
Top 1%6.54%
90-99%5.75%
50-90%4.97%
Bottom 50%3.30%

Source: The Federal Reserve

Drivers Of Wealth Inequality

The longest bull market in history, which went from March 2009 to February 2020, has been a big driver for the recent divergence. The U.S. composition of wealth for the top 1% of households skews towards corporate equities and mutual funds, of which they collectively own $14 trillion. By contrast, the bottom 50% of households own $0.16 trillion.

It’s often said a stock market correction is long overdue. Since the top 1% of households clearly have the most skin in the game, if one were to transpire, wealth inequality would likely retract.

A Longer Term Look

Although the inequality of wealth is heavily discussed in today’s climate, the numbers have been higher before.

Wealth inequality, measured by the top 1% of U.S. households’ portion of wealth, was at its peak at the start of the 20th century. Back then, a harsh and more concrete class divide with lower rates of upward mobility were common themes.

2 centuries of wealth inequality

At its peak in 1910, the top 1% of U.S. households owned well over 40% of all wealth. Major world wars and the Great Depression seemed to be catalysts against this, and the years after WWII brought about some of the lowest levels of inequality seen in the modern era.

Wealth inequality has ebbed and flowed throughout history, but it has steadily crept back up in the last few decades. Today, its adverse effects continue to garner the attention of more people—including policy makers who are facing immense pressure to find a solution.

Where does this data come from?

Source: The Fed
Notes: This data covers Q2’2010-Q2’2020

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading

Subscribe

Join the 230,000+ subscribers who receive our daily email

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Popular