Nintendo Switch overtakes N64 in lifetime sales

Nintendo Switch

Nintendo largely credits that upswing to strong software sales on the Nintendo Switch.

The Japanese game company's president apparently poured cold water on reports that it'd launch a new version of its portable console by the end of June, Bloomberg reported Thursday. Whether true or not, Nintendo has now confirmed it won't be unveiled at E3 in June.

This means Nintendo is raking in the cash, some $2.2bn in operating profit.

Media reports that Nintendo is preparing a low-priced version of the Switch have helped push its shares higher in recent weeks.

"As a general rule, we're always working on new hardware and we will announce it when we are able to sell it", said Furukawa to reporters in Osaka. Still, there's reason for celebration as lifetime sales of the Switch - at 34.74 million - have now surpassed the 32.93 million Nintendo 64 consoles sold during its run. And it's still managing to shift the 3DS and 2DS handheld consoles, despite the appeal of the Switch; it sold 2.55 million units during the company's fiscal year.

The Switch games pipeline continues to create fan excitement, with two full Pokemon titles due later this year.

Nintendo hasn't released its official numbers for the 2018 fiscal year, but analysts estimate that Nintendo shipped 17.5 million Switch units through March 2018.

"Our current applications are just for the hardware, but we'll also need inspections of our software", said Furukawa.

On mobile, Nintendo's IP related income rose by 17 percent year-over-year to 46.0 billion yen ($411.8 million), and the company seemed particularly pleased with the performance of Dragalia Lost.



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