Hot Switch sales boost Nintendo sales, trim quarterly loss

The strong sales of Switch helped the company post an operating profit of 178 billion yen ($1.6 billion) for the last quarter and sales of 750 billion yen ($6.7 billion) and an operating profit of 65 billion yen ($584 million) for the fiscal year.

The Nintendo Switch is still hard to find. Pokémon Go was a huge hit, but Nintendo takes home only a portion of that revenue through an affiliate's licensing and development deals.

Analysts are wondering whether the new Nintendo Switch will bring more profit then the Wii console. That figure includes Wii U titles, but believe it or not, the Switch version of the game did in fact out-sell the Switch console itself - Nintendo says 2.76 million copies of the Switch version were shipped. Hardware shipments exceeded its initial forecast, the reports reads, and Nintendo said its expected advertising expenses were also lower than anticipated.

"Our point is that, unlike for the very successful Wii, numerous unique aspects of the Switch platform are not the main factors behind strong early sales, which leaves Nintendo vulnerable to the structural shortage of third-party titles, deficient online offering, and weaker graphics", he said. The last time Nintendo's sales grew was in the year ended March 2009, when Wii demand drove profit to a record 555 billion yen. Its unpopular predecessor, the Wii U launched in 2012, had lifetime sales of 13.6 million units. Super Mario Run, meanwhile, has bombed, as consumers shied away from a steep $9.99 price tag. Downloads for Fire Emblem were less than one-tenth of that figure, but Fire Emblem earned more than Mario through in-game purchases.

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Video game stories from other sites on the web.

That places it as the top-selling USA first-month launch ever for a Nintendo console, and also the second-best United States first-month launch for any console, behind Sony's Playstation 4.

It also expects to shift another 6m 3DS consoles, and 40m 3DS games.

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). That saw Link's open-air adventure win "immense popularity", selling 2.76 million copies on Nintendo Switch. We will release Splatoon 2 in July. Doing this will net you 20% off select Nintendo Switch games. Looking ahead, Nintendo expects to maintain a high level of excitement for the Switch by releasing more first-part games and "by providing a continuous stream of appealing third-party titles across varying genres". "There were relatively fewer offerings of downloadable content during this period, so digital sales were also down to a large extent on the same period past year", Nintendo said.

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