Thursday, 24 January, 2019

The Nintendo Switch Is Still Selling Well So Far

Theresa Hayes | 30 October, 2017, 11:59

Nintendo almost doubled its full-year profit forecast on Monday, pointing to sizzling sales of its Switch games console and a weaker yen.

Based on the sales performance for the six months ended on September 30, 2017 and after, Nintendo has modified its financial forecast in consideration of the revised sales prospects as well as the revised assume exchange rate (from 115 yen to 125 yen per euro).

The Switch has now sold 7.63m units.

The company's previous estimate was 10m. Breath of the Wild, to Mario Kart 8 Deluxe, Arms, and Splatoon 2, the Nintendo Switch is home to a number of massive titles. Next time Nintendo will update the Nintendo Switch sales numbers we will see Super Mario Odyssey possibly topping the list.

Nintendo is positioning itself for the year-end holiday shopping season with Switch, while a cheaper yen has also bolstered its bottom line.

Meanwhile, expectations for a relatively weak yen boosted the bottom line as it inflates the value of profits earned overseas by Japanese exporters.

For the first half to September, Nintendo's net profit reached ¥51.5bn, up 34.5% from a year earlier. The earnings were announced after markets closed.

Nintendo recorded sales of 374bn yen (£2.5bn) in the last quarter, an increase of 173 per cent on the same period past year.

Video game stories from other sites on the web.