Nintendo has just reported its financial results for the year, and the results are absolutely staggering.
The company has experienced a 500% jump in profits driven mainly by the launch of the new Nintendo Switch console, reports The Verge. Sales of the console have been strong. Initially, the company predicted it would sell 10 million of the consoles in its first year or so of sales (you know, given that its previous console literally only sold 13 million units over the course of its five-year life).
But as the console’s success became more assured the company upped its prediction to 14 million and then 15 million as the year went on. It’s now sold just shy of 18 million.
The Switch’s phenomenal opening year has been driven by a number of factors, including its unique hardware, but sitting at the core of its success are a handful of excellent exclusives from Super Mario Odyssey (which sold over 10 million copies), to Splatoon 2 (6 million) and Mario Kart 8 Deluxe (9.22 million). We’re also inclined to include The Legend of Zelda: Breath of the Wild (8.5 million) on this list, simply because it might as well have been an exclusive given how few people out there own Wii Us.
The new console has been the main reason for Nintendo’s successful year, but it’s also been very good at capitalising on its existing properties. The Pokémon franchise has received a real shot in the arm since Pokémon Go reminded the world how much it cared about the games, and Nintendo’s recent retro consoles, the NES and SNES Classic Minis can only be described as nostalgia trip combined with cat-nip.
But Nintendo doesn’t expect the success to stop here. It now expects to sell a further 20 million consoles before the end of March 2019, although we’d be lying if we said this coming year looks quite as strong as 2017. We know that there are new Metroid Prime, Pokemon and Bayonetta games on the way, but none have explicitly been confirmed as receiving a 2018 release.
Given the enormous success, it was a little surprising to also hear that the company’s CEO, Tatsumi Kimishima, would be stepping down to be replaced by Shuntaro Furukawa. Kimishima took on the roll after the passing of Satoru Iwata, and it now seems he was meant as more of an interim CEO than a full replacement.
What do you think Nintendo needs to do to sell 20 million consoles in 2018? Get in touch with us @TrustedReviews.