Nintendo's Switch Puts Profits Back on Course to Wii-Era Levels

27 April, 2018, 00:27 | Author: Jacqueline Daniels
  • Nintendo has been on a winning streak with its Switch console flying off the shelves since its launch last year

Nintendo's new president, Shuntaro Furukawa. Nintendo had sold 15.05 million units in the fiscal year ending on March 31. "Looking ahead, we plan to leverage this momentum to reach an even broader range of consumers and expand the installed base of the hardware", the company said in a prepared statement. There's certainly a youth movement in Kyoto, and I for one look forward to seeing where Furukawa-san leads Nintendo once he takes charge in June.

In a few month's time, the Switch should also be able to sell more units than both the Nintendo Gamecube and the Nintendo 64.

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The success of the Switch drives up profits in an incredible jump. He reportedly worked on the Switch, though much of his time since joining Nintendo was spent in non-creative roles; his most recent role was leading Nintendo's global marketing efforts.

Nintendo additionally announced that it has now sold 72.53 million Nintendo 3DS consoles and 364.89 million software units for the 3DS. Furukawa is known as a very intelligent person who is even able to speak fluent English.

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Video game stories from other sites on the web.

Speaking of Mario, Super Mario Odyssey is now the best-selling game on the system, selling 10.41 million units. However, that's still below analysts' average estimate for ¥308.6 billion. More titles in the Mario series will also launch in the course of this year, for the Switch as well as smartphones.

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Nintendo's released its first full financials after the Switch's release in March previous year, and the system has done unbelievably well. Income primarily attributed to Pokemon Go fell to 10.3 billion yen from 20.3 billion yen a year ago. He also pledged to "say what needs to be said to run the company" despite his fandom. Furukawa served already on the board of Nintendo.

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