Switch helps Nintendo half-year net profit soar 35 percent

Nintendo Switch Shipped 7.63 Million Units by September 2017

That is quite the turnaround for a company that was flailing in the wind only a year ago.

"Thanks to our component suppliers, who even opened up new production lines for the Switch, our ability to ship the console has improved drastically", Nintendo CEO Tatsumi Kimishima said, according to The Wall Street Journal. Operating profit for the half ended September came in at 39.9 billion yen in first-half operating profit, a turnaround from the 5.9 billion yen operating loss a year earlier, the company reported Monday. Nintendo also bumped up its revenue forecast from 750 billion yen (~$6.6 billion) to 960 billion yen (~$8.5 billion).

Nintendo raises the sales forecast for the Nintendo Switch from 10 million to 14 million units for the fiscal year 2018 ending in March of 2018.

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Nintendo sold 4.89 million units of the device in the six months to September.

The size and importance of the Switch sales number from Nintendo can be well understood in light of the Wii U performance.

Meanwhile, lifetime sales for 3DS are just shy of 69 million units, with software sales over 343 million. Just last Friday, Nintendo released "Super Mario Odyssey" for the console.

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The Nintendo Switch is on track to be more successful than its predecessor console, the Wii U, by leaps and bounds.

Nintendo shares have almost doubled since Switch's launch, although they slipped 0.25 percent yesterday to end at ¥42,870.

Nintendo's past struggles in the gaming market had been due to users flocking towards new mobile-based games, rather than consoles.

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Given the fact that the holiday season in Europe and U.S. have always been a life saver for gizmos it is safe to assume that the Switch won't see a decline in numbers for the last quarter of 2017. He also said that the upcoming holiday season would test the true power of the Switch.

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