Nintendo's Switch Puts Profits Back on Course to Wii-Era Levels

Nintendo Switch

Nintendo's released its first full financials after the Switch's release in March a year ago, and the system has done unbelievably well.

Nintendo estimated profit to reach 225 billion yen ($2.06 billion) from 177.56 billion yen a year prior.

Nintendo debuted its Wii console in late 2006 and sold over 100 million units, driving the company's annual profit to a record high of 555 billion yen in the year to March 2009.

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If that wasn't impressive enough, the Big N has managed to flog 68.97 million software units during the same period. The 46-year-old Furukawa is 22 years younger than Kimishima, which could result in a significant cultural shift towards a Nintendo that's even more in tune with the average gamer.

Shuntaro Furukawa is going to be the next president of Nintendo and has a long history with the company. But if you need concrete proof that Nintendo's hybrid console has taken over the world, just look at the numbers.

Tatsumi Kimishima was announced as Nintendo's president back in 2015 after the death the previous president Satoru Iwata. Nintendo also revealed that it had increased the forecast sales for Switch from 14 million to 15 million.

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Bloomberg reports that Furukawa said he hopes to balance Nintendo's traditions of originality and flexibility.

"Furukawa comes across as thoughtful, very knowledgeable and quite well informed", said Atul Goyal, an analyst at Jefferies Group. That raises the stakes for products like Nintendo Labo, which the company sees as key to broadening the Switch appeal beyond initial adopters. Finally, Nintendo's mobile games business, which now has Super Mario Run, Fire Emblem Heroes, and Animal Crossing Pocket Camp, saw a 64% year-on-year rise to 39.3 billion yen (£25 million). We also don't know when Mario Kart Tour, the company's next mobile effort, is headed to smartphones.

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