Science

Nintendo Switch drives 175% sales growth in past six months

Nintendo has announced some updated sales figures for the Nintendo Switch. You just have to look at the fact that the Nintendo Wii U sold 13.56 million units in its entire time on the shelf (over 4.5 years until Switch was released) to understand just how well the Switch is saving. Profit swung from $337 million a year ago to $463.4 million for the most recent six months. The new outlook is still below a Thomson Reuters Starmine SmartEstimate of 133.60 billion yen drawn from the projections of 22 analysts. The Switch was Nintendo's fastest-selling console, ever, selling nearly 1 million units in the first month of release.

According to the table above, the company's forecast is 14 million units for Nintendo Switch and 600,000 million units for the 3DS family.

Switch, capable at home and on the go, blends Nintendo's console and handheld device business with its fledgling mobile gaming strategy, which got a big brand win with Pokemon Go's success in the summer of 2016. That means Nintendo's tie ratio, or software sales to hardware sales, is 3.6.

The Nintendo Switch is unstoppable that this point and will have a huge sales surge during the Holiday shopping season.

Its share price ended Monday 0.26 percent lower ahead of the earnings release, compared with a 0.01 percent rise in the Nikkei benchmark index.



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