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Nintendo's Switch boosts company profits by 500 percent

Nintendo
Nintendo's Switch console with red Joy-Cons attached
Switch

We're pretty sure Nintendo are busy letting off evil laughs somewhere behind the scenes, one for each time someone said the Switch will flop. It turns out it not only didn't flop, it exceeded everyone's expectations, Nintendo included.

The Switch has indeed proven to be a lucky number seven for Nintendo, with the company selling 17.79 million units since it launched back in March 2017.

Nintendo's initial forecasts were that the Switch will sell 10 million units from April 2017 to April 2018. It didn't take long for the company to realise the console is way more popular than that, adjusting their expectations on several occasions, only to settle at 15 million in January.

As much as four million Switches were sold by the end of March 2018 in Japan alone and the console proudly holds the title of the best selling console over the first year in the US. Furthermore, it has been estimated that Nintendo will be outperforming Microsoft on the console turf in 2018, although we're yet to see whether these claims hold water.

As a result, the company's operating profit soared to $1.62 billion, which is slightly upwards of £1.1 billion. This means that Nintendo's operating profit is up by 505 per cent compared to the year before. Nintendo's revenue increased by 116 per cent in the same period and stands at $9.66 billion, which is about £6.9 billion after conversion.

The company has been greatly helped by stellar sales of their headliners, Super Mario Odyssey, Mario Kart 8 Deluxe and Splatoon 2, which sold 10, 9 and 6 million copies, respectively. Moreover, their  nostalgiaware recycling efforts have also raked in a pretty penny, with SNES Mini selling 4 million units by February 2018.

Obviously, the Switch performed way better than the company expected and if there was any justice in the world, we're sure that many journalist and analyst hats would have to be eaten.

Naturally, we're sure Nintendo doesn't really mind seeing as how the Switch's time is now. The console is getting Wolfenstein 2, South Park Fractured But Whole and even Fortnite, so it may be a wise time to think about getting one, seeing as how it most certainly ain't going anywhere.

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