Nintendo Swings Back to Profit Thanks to Switch Console

  • Nintendo Swings Back to Profit Thanks to Switch Console

Nintendo Swings Back to Profit Thanks to Switch Console

The Switch is, however, to the tune of 4.7 million units sold since its release in March. Software for the platform, meanwhile, has reached 13.6 million units sold, an average attach rate of 2.89. Nintendo was able to keep the sales momentum going into its financial first quarter.

"Amid further global product shortages for Switch, users who got hold of a console purchased more software than we had expected", Goldman Sachs Group Inc. analysts Masaru Sugiyama and Yusuke Nogichi wrote in a report to clients.

Nintendo has updated its million sellers list and the Switch has a couple new entries with Arms and 1-2 Switch joining the million club.

With Nintendo reporting increasingly diminishing results in the past couple of years, it is good to see the impact that its latest games and hardware is having. In the last quarter, it sold 1.16 million - bringing it to 3.92 million units sold overall.

Japanese video game giant Nintendo returned to the black for the quarter ended in June thanks to the success of its new Switch console.

The new Mario game will spur demand, and Nintendo needs to have machines on store shelves to meet it, said independent game consultant Serkan Toto. Nintendo said it pulled in 9 billion yen from mobile games like Super Mario Run and Fire Emblem Heroes, representing at 450% increase year-over-year.

The supply issue isn't just something analysts have taken note of, it's being repeated throughout the industry, including from Nintendo themselves.

The revenue figure marks a almost 150 percent year-on-year rise, while Nintendo returned to an operating profit after reporting a 5.13 billion yen loss in the same period last year.

The biggest hurdle they had to overcome was the iPhone 8 using up a lot of the NAND chips that were also required for manufacturing the Nintendo Switch, as reported by 9to5 Mac.

There's a real battle between Breath of the Wild and Mario Kart 8 Deluxe with Deluxe now sitting on 3.54 million units.