Tuesday, 21 November, 2017

Nintendo Profit Outlook Doubles Thanks To Booming Switch Sales

Another Xbox One game franchise could be switching platform MICROSOFTAnother Xbox One game franchise could be switching platform
Cecilia Poole | 31 October, 2017, 00:22

Nintendo's net profit leapt to 85 billion yen from 45 billion yen, while its operating profit now stands at a projected 120 billion yen from 65 billion yen, the firm reported.

Nintendo isn't the only company scrambling to take advantage of the unexpectedly high demand for its latest console; third-party publishers were largely caught flat-footed by the system's popularity and are now working hard to port legacy games to the console post-haste.

Nintendo, which makes Super Mario and Pokemon games, said its Switch Splatoon 2 game was selling well both in Japan and overseas. The new estimates still fall short of Thomson Reuters Starmine SmartEstimate of 133.60 billion yen (based on the projections of 22 analysts). Because of this, it's no surprise folks are more receptive to Switch than they were to Wii U. But the lack of games for that device relegated lifetime sales to 13.56 million units before Nintendo ended production. That's a significant bump up from a prior outlook for 10 million units for the fiscal year, and would translate to a total of 16.7 million units sold come March 2018, per The Verge.

As of September 30th, the company sold 7.63 million Switch consoles worldwide and 27.48 million games.

With the recent release of the incredible Super Mario Odyssey and the impending holidays to consider, it's likely that the Switch will meet the company's new sales forecast easily - of they can ramp up production, that is.

Nintendo was loud in announcing a massive firmware upgrade for the Switch and it comes with the title Version 4.0. Year over year, hardware was up by 5 percent while software sales for the 3DS were down 28 percent. Now, with the launch of Super Mario Odyssey on Friday, that number has increased to 200. As the holidays draw closer, Nintendo wants to ensure folks who want a Switch can purchase one.

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