Nintendo will exceed its original Switch shipment forecast for FY2018 by 25%, a key industry analyst predicts.
According to Ace Securities analyst Hideki Yasuda, Nintendo should overshoot its original Switch console sell-in targets for the current fiscal year by 5 million units. In its first quarter earnings the Japanese games-maker forecasts 20 million Switch sales through the fiscal year ending March 31, 2019, whereas Yasuda expects the company to actually move 25 million units worldwide. While Nintendo typically makes conservative hardware sales estimates, analysts note the console's strong demand across the globe--much of which is fueled by an ever-building software slate.
This sales goal will be quite challenging, current Nintendo President Tatsumi Kimishima said in the filings. The console-handheld hybrid's games offering will shift units, Mr. Kimishima notes, primarily in the holiday season.
"Our sales targets for Nintendo Switch hardware and software during this fiscal year will not be an easy challenge to meet, but we are putting all of our efforts into doing just that. If you look at our software lineup for the fiscal year that we showed at E3, you can see a relative trend that the titles that resonate most with consumers are concentrated toward the latter half," he said in the filings.