Mercoledì, 19 Febbraio, 2020

Switch propels Nintendo beyond $1bn profit forecast

Acerboni Ferdinando | 01 Novembre, 2017, 06:35

Nintendo now forecasts sales of 50 million Switch games for the year, up from its previous estimate of 35 million.

Nintendo also said for the three months through September, operating profit reached 23.75 billion yen, reversing a year-earlier loss of 812 million yen. If Nintendo's Switch sales projection proves to be accurate, that means the system will have outsold five years of Wii U in just a single year.

With the holiday season fast approaching, it will be interesting to see just how much stock is available at local retailers, particularly during peak times from November through to the end of December. On the flip side, everyone understands what Switch is: a hybrid console/handheld. It was only launched in March this year.

"The true power of the Switch would be tested during the upcoming holiday season", Kimishima said.

After a slightly slow start, Nintendo's latest console has played host to some of the best and most critically acclaimed games of this year.

Nintendo NTDOY released the Switch in March, offering games the opportunity to play both at home and on the go. Nintendo also boosted its software sales forecast, which it now believes will total 50 million units, up from its previous forecast of 35 million.

Last week, Nintendo released the latest Super Mario game, "Super Mario Odyssey". "We bet big on the Switch as a game changer so we began making games before the Switch's launch, but many software companies showed reluctance in releasing Switch games before they witnessed the current success", Koei Tecmo CEO Yoichi Erikawa told The Wall Street Journal.

With a couple of giant Nintendo game titles made exclusively for it and the number of third party games being made compatible with the console continually increasing, the sales numbers for the Switch is only expected to soar.

Nintendo's past struggles in the gaming market had been due to users flocking towards new mobile-based games, rather than consoles.

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