Nintendo yesterday almost doubled its full-year profit forecast as it pointed to sizzling sales of its Switch game console and a cheaper yen. It raised its forecast for the full fiscal year to 85 billion yen, up 89 percent from an earlier outlook of 45 billion yen. Nintendo sold just shy of 2 million systems, or more than twice the previous quarter's sales.
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Nintendo'sSwitch has been a remarkable challenger for Microsoft's Xbox One and Sony's PS4 especially due to its legendary games like Super Mario Odyssey has made its place in gamers' hearts. It is a clear indication that Nintendo expects to have sold that many in the near future though and that's a great sign for the console's life and should see a lot of new games coming out of that platform because of it.
"We've boosted Switch production to meet strong demand as it was hard for customers to buy the consoles at retail stores", said Nintendo President Tatsumi Kimishima, according to Reuters. Motion sensors in the controllers direct in-game movements.
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The Switch is running circles around the Wii U. Nintendo also boosted its software sales forecast, which it now believes will total 50 million units, up from its previous forecast of 35 million.
Nintendo's past struggles in the gaming market had been due to users flocking towards new mobile-based games, rather than consoles.
With the recent release of the incredible Super Mario Odyssey and the impending holidays to consider, it's likely that the Switch will meet the company's new sales forecast easily - of they can ramp up production, that is. Kimishima remains somewhat coy on the strategy Nintendo will adopt for the Switch for the next fiscal year and beyond.
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