Nintendo expects 27 percent annual profit jump on strong Switch sales

Nintendo expects 27 percent annual profit jump on strong Switch sales

The name of Tatsumi Kimishima will forever be linked to the successful launch of the Nintendo Switch, which gave Nintendo a huge boost after a long time.

In its report to investors, Nintendo says that the Switch sold an impressive 15.05 million units during the fiscal year.

While the 3DS seems to be quickly becoming an afterthought for Nintendo, the aging handheld shipped just over half a million units over the last three months, bumping the year's total to a sizeable 6.40 million units. With almost 18 million units sold, the Switch has exceeded pretty much every sales projection from Nintendo and various analysts, making it clear that no one was really expecting this level of success for the console. The console's software roster has pulled in combined sales of 68.97 million, with popular first-party franchises like Super Mario, The Legend of Zelda, and Splatoon leading the charge. Some feel that trait may be especially valuable as Nintendo looks to expand even further into Western markets with the success of the Switch and their mobile titles.

Furukawa joined Nintendo in 1994, worked in global marketing and served on the board of partly owned Pokemon Co. The combined software sales results for this fiscal year reached 63.51 million units. If achieved, it would be Nintendo's highest operating profit since the year ended March 2010. Nintendo, and the gaming industry as a whole, had just lost Satoru Iwata before Kimishima stepped up.

Britain's Got Talent contestant among royal wedding musicians
And Meghan Markle phoned him personally today (Tuesday April 24) to invite him to play at the Royal wedding on Saturday May 19 . Last June, Prince Harry saw him play at an event in London in support of Antiguan charity Halo Foundation.

Bloomberg reports that Furukawa said he hopes to balance Nintendo's traditions of originality and flexibility. Furukawa is known as a very intelligent person who is even able to speak fluent English. According to a survey conducted by IDC in 2017, prospective Switch buyers were more excited about their system's game library than those for any other console.

Nintendo has been on a winning streak, with its Switch console flying off the shelves since its launch past year.

Annual revenue from smartphone games rose 62 percent to 39.3 billion yen.

At 46, Furukawa is comparatively young to be the president of a Japanese corporation, but Iwata was in his early forties when he took the role.

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