Nintendo Profit Outlook Doubles Thanks To Booming Switch Sales
- Author: Terrell Bush Oct 31, 2017,
Oct 31, 2017, 0:23
With Nintendo back on the map among gamers, its Switch console is finding favor as it can be used as an at-home games console, but can also be simply removed from its dock and the controllers attached to either side of its screen to be used portably.
Thanks to brisk Switch sales and the expectation of more mobile game offerings, gains in Nintendo shares have reached a whopping 75% so far this year. Sales of Switch consoles and games, combined Nintendo's lucrative smartphone games, helped the firm post a 23.8 billion yen ($209 million) operating profit on total revenue of 220 trillion yen ($1.93 billion) for its fiscal Q2. Wii U finished up on 13.56m units after five years.
Nintendo shared the latest financial results with an updated financial forecast and how many Switch consoles the company expects to sell by March 2018.
A bevy of highly rated first-party and third-party titles have led to a strong start for the Nintendo Switch. On the flip side, everyone understands what Switch is: a hybrid console/handheld. Super Smash Bros. players are still using GameCube controllers to play the fighting game, which is the reason why Nintendo created an adapter to allow the controller to function on the Nintendo Wii U in the first place. "We've boosted Switch production to meet strong demand as it was hard for customers to buy the console at retail stores", Nintendo President Tatsumi Kimishima stated during an earnings call.
Chess Ultra will also include cross-network play between the Nintendo Switch, Xbox One, and PC, meaning true enthusiasts will be able to stay connected with their friends and bitter opponents no matter how they choose play. By July, that figure had increased to 4.7 million and there were no signs of sales slowing down.