Nintendo says it'll sell 20M Switch consoles in the next year

Nintendo President Tatsumi Kimishima to Retire

Nintendo Co.is reporting solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines.

Shuntaro Furukawa, 46, who oversees marketing and other divisions at the Kyoto-based video game giant, will succeed 68-old-year Tatsumi Kimishima, who has headed up the company since 2015.

Consumers have been very receptive to the new concept introduced by Nintendo Switch as a home gaming system that they can take with them to play anytime, anywhere, with anyone, which helped it maintain its favorable momentum during this fiscal year.


Nintendo projected further improvements during the year to March 2019, forecasting annual net profit would improve 18.2 percent to ¥165 billion and operating profit would reach ¥225 billion, up 26.7 percent.

Hardware Nintendo Switch sales reached 17.79 million units globally, thus surpassing the forecast.

The company has issued this bold projection as part of its yearly financial summary, where it confirmed that nearly 18 million consoles have been sold since the Switch launched in February previous year. It still a long way to go if it wants to overtake the original Wii though which sold an incredible 100 million units over its lifespan.

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