Nintendo $1.62B, up 505% YoY 15m Switch sales year ending March #makerbusiness #NintendoLabo @NintendoAmerica

Nintendo Switch drives staggering 500 percent profit jump – The Verge.

Nintendo sold just over 15 million Switch consoles in the last financial year, matching its own raised expectations after a hugely successful launch. The company initially planned to ship 10 million in the year from April 2017, then upped its forecast to 14 million last October, then again to 15 million in January. The total amount sold since its March 3rd, 2017 release is now 17.79 million, outstripping the 13.56 million the Wii U sold over its five years of production.

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Overall, Nintendo made 178 billion yen ($1.62 billion) in operating profit for the year, a massive 505-percent increase on the previous 12 months. Revenue increased 116 percent to 1.06 trillion yen ($9.66 billion). Nintendo sold over 10 million copies of Super Mario Odyssey, 9 million copies of Mario Kart 8 Deluxe, and 6 million copies of Splatoon 2, alongside more than 5 million units of the SNES Classic Edition.

$1.62B, up 505% YoY
15M Switch units in the year ending March
Shuntaro Furukawa is president
CEO Tatsumi Kimishima stepping down
20m Switch units sales expected this year (2018)
Labo launch, cardboard peripherals

Financial report here (PDF).

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