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Nintendo Switch sales reach new heights as President retires



Nintendo today announced revenue for the last fiscal year, and there have been some big news. First of all, the Nintendo Switch sold 17.79 million units worldwide as of March 31, with approximately 68.97 million software units for the same period.

Nintendo added that it predicts that this fiscal year will sell 20 million more units 100 million games for the same period. That's a lot, and it speaks well for Nintendo's strong ambition for the year, which makes sense when a new Smash Bros. game is on its way.

In addition, Nintendo announced the President Tatsumi Kimishima, who took over after Satoru Iwata His change – will retire on June 28. He will be replaced by Shuntaro Furukawa, who has previously held high profile marketing and business planning titles. Only 46 years old, Furukawa came to Nintendo in 1

994. Current Nintendo of Europe President Satoru Shibata has also stepped down from his role to take a senior position at Nintendo Headquarters in Japan. No replacement was announced.

In 2012, Furukawa became Outside Director for The Pokemon Company (involved in Nintendo but not owner). In July 2015 he became General Manager of Corporate Planning and in June 2016 he became Director, Senior Officer and Head of Corporate Analysis and Management. In September 2016, Furukawa was made responsible for Nintendo's global marketing team.

Back to earnings report, Nintendo said it delivered a total of 15.05 million switch units during the fiscal year ended March 31, Odyssey moved 10.41 million units, while Mario Kart 8 Deluxe sold 9.22 million units. Splatoon 2 shipped 6.02 million copies during the year. With games from other publishers, the Switch has 12 games that have sold more than 1 million units.

The 3DS remained "solid" for Nintendo throughout the country, despite its age and against the switch, Nintendo said. It sold 6.40 million units during the fiscal year, with Pokemon Ultra Sun and Ultra Moon shipping 7.51 million units for the year. To date, the 3DS has already sold 72.53 million units, of which 364.89 million games were sold.

Also in the report, Nintendo said the digital sales were "very good," especially for Nintendo Switch. Digital's revenue was 60.8 billion yen, 87 percent more than in the previous year. Another bright spot for Nintendo was the SNES Classic Edition, which according to Nintendo was "a hit in every region". For the year, SNES Classic sold 5.28 million units. In addition, Amiibo's sales increased 10.3 million physical units sold and 5.8 million cards in the fiscal year. In terms of Nintendo's smartphone business, Animal Crossing: Pocket Camp shipped this fiscal year, and it combined with Super Mario Run and Fire Emblem Heroes helped "smart appliances and IP-related income" beat ¥ 39.4 billion, which is 62 percent

Overall, Nintendo's revenue for the fiscal year ended March 31st, was $ 1.05 trillion, a significant year-on-year increase. In addition, operating income was 177.5 billion yen, a significant increase over the previous year.

"Consumers are very open to the new concept that introduced Nintendo Switch as a home gaming system that they can play anytime, anywhere, with anything that helped maintain its positive momentum this fiscal year," said Nintendo. "Looking to the future, we plan to leverage this momentum to reach an even wider range of consumers and expand the installed base of hardware."

In the coming days we will have more of Nintendo's earnings report.


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