Over 7 million Nintendo Switch consoles shipped ahead of Christmas

Oct 31, 2017, 00:21

During its most recent earnings call Nintendo said 7.63 million units have been shipped since the Switch went on sale in March. After going over the numbers to date, Nintendo now expects to report a profit of 120 billion yen (around $1.06 billion), up from its previous forecast of 65 billion yen (~$572.8 million), which it estimated just three months ago.

Speaking of games, all of the company's major first party exclusives have gone on to sell over 1 million copies.

Nintendo raises the sales forecast for the Nintendo Switch from 10 million to 14 million units for the fiscal year 2018 ending in March of 2018.

With these new projections, and considering Wii U production ended globally earlier this year, it's likely Switch will outsell its predecessor during its first year on the market.

It reported operating profit of 40bn yen (£270m) for the six months to the end of September, up from a loss of 6bn yen (£40m) the year before - as sales almost trebled to 374bn yen (£2.5bn).

The Wii U was not an abject failure per say, but it never quite captured the imagination of audiences in the way the Switch appears to.

Nintendo shares have almost doubled since Switch's launch, although they slipped 0.25 percent yesterday to end at ¥42,870.

The Switch's early success has led to a near-doubling of Nintendo's stock price to nine-year highs - with demand widely seen as a prelude to strong sales of software over several years. With demand so high, Nintendo took action to increase production, announcing in October it had increased production to two million units a month. Thanks to titles like Zelda: Breath of the Wild and Super Mario Odyssey, the Switch is expected to be a hot item again this holiday.

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.

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