Nintendo says Switch will help double profits

Nintendo says Switch will help double profits

The Legend of Zelda: Breath of the Wild shipped 2.76m units on Switch and 1.08m on Wii U, for a total of 3.84m units.

Nintendo reported earnings today in Japan and issued guidance for ¥750 billion ($6.7 billion) in sales and operating profit of ¥65 billion ($5.8 billion) by March 31, 2018, the end of Nintendo's fiscal year. In all, Nintendo sold 55.08 million 3DS games during the fiscal year. The 3DS saw a 14 percent increase in software sales, partly driven by the strength of Pokémon Go and Pokémon Sun & Moon. Microsoft hasn't been very forthcoming with console sales numbers, though it did confirm 10 million units had shipped - not sold, mind you - by November 2014, a year after launch.

"The Switch is proving to be very competitive, and we anticipate strong sales for core game titles, boosting our conviction in OP growth through F3/20". And the firm has a chance to overcome Xbox One for this console generation as well: Microsoft's console has struggled compared to the PlayStation 4, and has sold an estimated 20-25 million units since late 2013.

The Switch has sold more consoles then either Nintendo or analysts expected, as the company reports a healthy profit.

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For the current (2017-18) fiscal year Nintendo is estimates net sales of 750bn yen and an operating profit of 65bn yen. But it hasn't all been great news for the Switch. Nintendo gambled on a hybrid design that allows the Switch to play games on the big screen TV at 1080p when docked, and also on the go with a built-in 6.2-inch 720p multi-touch display.

Most places are retailing Legend of Zelda: Breath of the Wild for £49.99, though you can pick yourself up a copy at Game Seek for £46.50. Considering one came out in 2011 and one came out seven weeks ago, that absolutely should not be the case. Considering how fragile the Switch is, it makes sense that this audience would still be viable for the 3DS, even with the newer console available. Of course, another explanation is that gamers are buying copies of Zelda but hardware shortages are preventing them from buying the console itself.

The higher tie ratio Ono mentions refers to the number of games sold per console. Nintendo's other original game for the console, 1-2 Switch, doesn't seem to be selling well, as Nintendo didn't release numbers for it and will only say it "has been generating buzz".

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Nintendo wasn't one of them!

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