Hot Switch sales boost Nintendo sales, trim quarterly loss

The more improbable feat, however, remains sales of the Switch version of The Legend of Zelda: Breath of the Wild at 2.76 million units. Assuming it can, Nintendo forecasts a massive 121 percent jump in profit for its current fiscal year, taking aim at 65 billion yen (around $584 million in US currency), up from 29 billion yen (around $264 million) for the fiscal year that ended March 31, 2017.

Nintendo reported net sales of ¥489.1 billion, beating the company's own guidance, and net profit of ¥102.6 billion, representing a 10.7% year-over-year drop, but beating analysts' estimates of ¥93.6 billion. In all, Nintendo sold 55.08 million 3DS games during the fiscal year. The Wii U is certainly dead at this point, being totally replaced by the Nintendo Switch. Software sales were down 44% year-over-year to 14.8 million units, while hardware sales didn't even top 1 million units, ultimately coming in at 760,000 Wii Us sold. "The sales volume for hardware during this period reached 2.74 million units". Furthermore, this year is Kirby's 25th anniversary, so we are planning to release downloadable titles and a new multiplayer action game for Nintendo 3DS. Amiibo sales also remained at 9.1m units for the figurines, while Nintendo's card-based amiibo hit 9.3m.

Nintendo hopes to ship 10 million units of the Switch in 2017, and has already moved 2.74 million in March alone.

Nintendo's stock is in the middle of its best run in a decade. "Your new Nintendo God is the Switch!" There's also only one variant available, the default gray Nintendo Switch. He pointed out that he likes the Switch as a gamer- but he has to approach it as a developer, where the question of the Switch's architecture versus the other systems (ARM vs x86) comes into question.

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Meanwhile, digital sales were down "to a large extent on the same period past year", but Nintendo puts this down to less downloadable content being available during this time.

Thanks to its efforts in mobile, Nintendo's brand has also seen a strong revival, and the company has managed to tap into some of the nostalgia around its past games and consoles. If Odyssey lands in the same way Zelda did - especially during the prized holiday window - it could spur console sales in a way that releases in other parts of the year wouldn't.

Check out the source link below to have a look at Nintendo's full report.

Nintendo's forecast continues to maintain a positive perspective, in marked contrast to its previous home console, the Wii U.

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