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Nintendo sees Switch console doubling full-year profit

Nintendo made the disclosure in its new earnings report [PDF] for the fiscal year 2016, released on Thursday, April 27. Nintendo predicted it would move 2 million of its hybrid game slate - it can be either a TV console or a handheld - by the end of March.

And because - unlike Sony and Microsoft - Nintendo relies on games and consoles for nearly all its sales, it is arguably more vulnerable to this trend. Nintendo is now expecting to sell an additional ten million Switch consoles before March 31st 2018, which would put the Switch ahead of the Wii U's lifetime sales in its first year. This means it is looking to sell over 13 million units by April. The 3DS saw a 7% increase from the previous year, with Pokemon Go leading a bulk of those sales. And the firm has a chance to overcome Xbox One for this console generation as well: Microsoft's console has struggled compared to the PlayStation 4, and has sold an estimated 20-25 million units since late 2013.

Robust Wii demand drove Nintendo's operating profit to a record JPY 555 billion in the year ended in March 2009, as profit from a new console typically peaks a couple years after launch when the software lineup expands.

The Wii U sold only 760,000 units over the last fiscal year, a 77% decrease from the year before.

These factors resulted in an operating profit of 489.0 billion yen against net sales of 29.3 billion yen (of which 359.0 billion yen, or 73.4% of the total sales, were overseas sales).




It's official: the Nintendo Switch is a success.

"Nintendo is focusing on the Switch now because the company is fundamentally a console maker", says Serkan Toto, an industry analyst based in Japan. Splatoon 2 exemplifies the concept of Nintendo Switch, enabling consumers to play anywhere, anytime, and with anyone, and will bring competition between consumers to new levels of excitement. Nintendo also called out 1-2 Switch, though all it said was that the game is "generating buzz"; no sales numbers were provided. You'll note that's actually more than the number of consoles sold, which seems to make no sense but is believed to be due to people buying the collector's edition ahead of time or in addition to the regular version.

As announced in the European Nintendo Direct, Dr. Kawashima's Devilish Brain Training is finally listed with a release date (28 July) for the region.

One such bet is with the company's mobile games, Super Mario Run and Fire Emblem. 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.

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