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The Nintendo Switch Is Doing Better Than Nintendo Estimated
28 April 2017, 01:11 | Harold Aguilar
Sales of launch title mini-game compilation 1-2 Switch were not disclosed, however. Amiibo sales also remained at 9.1m units for the figurines, while Nintendo's card-based amiibo hit 9.3m.
In the graph below we compare the Wii U's fiscal year hardware sales to the Nintendo Switch. The hybrid console has shipped 2.74 million units and 5.46 million games since March.
"It is surprising that "Zelda" is doing so well", Nintendo president Tatsumi Kimishima said during an investor call on Thursday, as translated/reported by the Wall Street Journal. It had expected to sell 2 million Switch machines by the end of March. Sales were down slightly, and operating income slightly lower, but ordinary profit jumped 75% from the last fiscal year. Analysts say Nintendo should typically generate operating profit of more than Yen100 billion, but profits have declined in recent years because of the weak performance of the Wii U console.
Nintendo's stock is in the middle of its best run in a decade.
Unlike its rivals Sony Corp. and Microsoft Corp., Nintendo has many in-house titles featuring famous character franchises that contribute directly to its profits.
The Switch's most popular game, The Legend of Zelda: Breath of the Wild, has also been very popular and has sold over 3.84 million units across the globe. That's followed by Arms (a quirky boxing game) on June 16, and Splatoon 2 (a shooter, only with paint) on July 21.
By launching earlier in the year, though, Nintendo could be positioning itself for even stronger holiday sales.
But these latest sales figures must surely open the floodgates for more new triple-A releases from major studios. The Switch portable console hit the market just recently, however, and Nintendo also mentions some other investments that required costs but didn't have an immediate revenue impact. Furthermore, we released Fire Emblem Heroes, a full-fledged simulation RPG game application that can be enjoyed casually on smart devices, in February. The company's last console update failed to do the business, so Nintendo needed the Switch to succeed in a big way.
The first official sales data for Nintendo Switch is now available, as the Japanese company announced its final quarter results. Nintendo reported that Pokemon Go generated over $180 million in profit for the company.
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