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Nintendo profit jumps 39 percent on Switch software sales

Nintendo profit jumps 39 percent on Switch software sales

Nintendo now says it will sell 18 million Switch consoles in 2019, lower than the 18.5 million units that analysts expected. That 12.7% increase year-over-year, along with an 86.7% increase in software sales for the year, contributed to the company's annual operating profit of 249.7 billion yen.

Switch sales for the fiscal year ending ending March 31, 2019 are now sitting at 16.95 million units, falling short of the projected 17 million projected unit sales, but up 12.7% year-on-year.

Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-priced version of the device.

The total number of million-seller titles during this fiscal year is now 23.

The company also sold 5.95 million units of the Nintendo Entertainment System: NES Classic Edition and Super Nintendo Entertainment System: Super NES Classic Edition.




Nintendo hasn't released its official numbers for the 2018 fiscal year, but analysts estimate that Nintendo shipped 17.5 million Switch units through March 2018.

Although Nintendo has yet to acknowledge any future hardware plans for the Switch, reports have suggested that the cheaper model would have a smaller display and might not come with a dock or even support the dock.

"As a general rule, we're always working on new hardware and we will announce it when we are able to sell it", Furukawa told reporters in Osaka.

This new milestone was achieved as of Sunday, April 21, which is less than two years and two months after the release of the Switch on March 3, 2017.

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