Nintendo says it'll sell 20M Switch consoles in the next year

Nintendo Co appointed Shuntaro Furukawa, a relatively young and unknown senior executive as its new president, after reporting that profits are on track to be the highest since 2010 after a year of solid Switch gaming machine sales.

Nintendo said on April 26 that it made a net profit of 140 billion yen ($1.28 billion) in the year ending March 31, a 36 percent increase on the previous year, as revenue more than doubled to almost 1.1 trillion yen. Kimishima-san took charge of Ninty following the sad passing of Satoru Iwata from cancer in 2015. For the fiscal year, the SNES Classic sold 5.28 million units. Kimishima-san oversaw the reveal and subsequent launch of the Switch, putting the company back on the right track after the Wii U failed to catch on.

Sales and profits are on the up at Nintendo thanks to the performance of Switch hardware and software.

Nintendo has released their latest earnings report, and there's some impressive numbers for the Switch, which is now just over a year old. The most recent of these was Kirby Star Allies, which stands at 1.26 million.

As of March 31, 2018, SSB4 has sold in excess of 14 million units. With Nintendo now ramping up Nintendo Switch production to meet the demand for the console globally one wonders how long it might take for the issue to be resolved at the manufacturing level.

Standing tall at the top is Super Mario Odyssey, which managed to hit 10.41 million units sold since its October release.

For the fiscal year through March, Nintendo recorded a profit of 139.6 billion yen ($1.3 billion), better than what it had expected.

Quarterly sales rose 12 percent year-on-year to 198.7 billion yen ($1.8 billion). Then in September, we will begin offering the Nintendo Switch Online paid service to expand the online functionality of Nintendo Switch.

Sony, a rival to Nintendo in the video game market, announces its full-year results on Friday.

  • Carolyn Briggs