Published: Fri, April 28, 2017
Technology | By Ramiro Moody

Hot Switch sales boost Nintendo sales, trim quarterly loss

In fact, Nintendo actually sold more copies of Zelda: Breath of the Wild on the Switch than it did Switch consoles: Breath of the Wild sold 2.76 million units on the Nintendo Switch, passing the console's 2.74 million units by some 20,000 sales.

Next up, the Wii U system sold 760,000 units during the period, that's 77% less year-over-year.

Nintendo has sold 2.74 million Switches to date, the first official number released by the company by way of its FY 2016 earnings report, released on Thursday. In just one month.

Nintendo expects 35 million copies of Switch games, including those from other publishers, to be sold in the 2017 fiscal year. These numbers don't even count the game's respectable sales on Wii U, which brings its overall sales total to a mind-blowing 3.84 million so far. A mid-March Wall Street Journal report had indicated Nintendo was ramping up production from 8 million to 16 million units for April 1, 2017 to March 31, 2018. "Pikmin" and even "Miitopia" is still coming to the handheld console, though looking from a different perspective, these games could be well off on the Switch as well.

During that same period, Nintendo also sold 5.46 million Switch games worldwide.

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Nintendo's predictions of about 13 million sales before the end of this financial year is additionally an uplifting sign. Near term, we think the stock will rise as sales trends for likely hit titles are factored in. Anybody would want to see cult-classic 3DS games on the Nintendo Switch's crispier screen and with faster processor comes better performance. Amiibo sales also remained at 9.1m units for the figurines, while Nintendo's card-based amiibo hit 9.3m.

By and large, Nintendo announced gain of 489 billion yen and an operating benefit of 29.4 billion yen for its 2016 fiscal year. Nintendo 3DS software sales volume saw a 14 percent increase year-over-year to 55.08 million units.

By the end of 2012, the Wii U had achieved 3 million sales in six weeks.

Nintendo doesn't want to make this same mistake with the Switch, and their Publisher and Developer Relations department is working with indie developers to create an impressive portfolio of downloadable titles for the Switch... and possibly find the next big thing.

One such bet is with the company's mobile games, Super Mario Run and Fire Emblem. Profits were helped by a weaker Yen. However, Nintendo said this was "in alignment with our expectations at the start of the fiscal year".

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