Super Mario Odyssey Has Sold A Ridiculous Amount Of Copies Already

01 February, 2018, 01:11 | Author: Elena Summers
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When Nintendo announced the Switch in 2016, the firm claimed to have "reinvented gaming" with a console that also doubled as a tablet. NTDOY stock is up 6.7% on the news. Forecast revenue for the quarter was $3.75 billion.

Compared to previous year, that's a 177% gain in revenue and a whopping 261% improvement in profit.

Nintendo is expected to have much more in store this year, including new Fire Emblem and Yoshi titles. The Japanese company's revenues grew to $7.88 billion for the nine months to the end of December 2017, breeding profits for the period of $1.26 billion, so the Switch's success has a stunning effect on Nintendo's finances.

The Wii U, which went on sale in November 2012, sold 13.56 million units before it was discontinued in 2017 and was considered a commercial failure. (ADR) (NYSE:SNE) and Microsoft Corporation (NASDAQ:MSFT) to take the lead in the console wars.

The device's core concept, which allows it to be both a portable handheld and a docked home console connected to a television, was a hit with players and the wider games industry.

Instead, Switch sales blew past expectations. Nintendo has clearly recovered rather well with the Switch.

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According to Nintendo, 14.86 million Nintendo switch consoles have been sold thus far. This means that the Switch has, in under ten months, exceeded the Wii U's lifetime sales by over a million. It also raised its operating profit outlook to $1.5 billion from $1.1 billion for the fiscal year ending March.

This year is already set to be another big one for Nintendo.

Thankfully, Nintendo seems to have a plan in place to keep a strong library of games coming for the console. Nintendo sold more than 7 million Switch units during the last three months of 2017.

One test of Nintendo's ability to sustain the Switch's momentum and widen its appeal is Nintendo Labo, a new game due out in April.

Nintendo's latest accessory for the Switch is a collection of foldable cardboard sheets that turn the console into a piano, robot or fishing rod.

As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. Switch sales are on fire and show no sign of slowing.

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