Nintendo sold 15 million Switch consoles in FY2017

Nintendo's recent yearly financials show strong growth across the board, and its recent Switch hybrid system continues to accelerate sales.

3

Nintendo just posted up its earnings for the fiscal year ended March 2018 (Fiscal Year 2017) and the results are superb. The Japanese games-maker sold 15.05 million Switch units in the fiscal year, meeting its internal hardware target while pushing total cumulative Switch console sales to 17.79 million. A gander at quarterly results reveals that 2.92 million Switch consoles were sold in the fourth quarter period from Jan - March 2018, down about 60% from the previous holiday quarter.

This is just the beginning though: Nintendo expects to push 20 million Switch units throughout the FY2018 timeline (April 1, 2018 - March 31, 2019), strongly hinting that the company has ironed out any supply issues while also planning out a strong continued momentum for both first-party and third-party software. If Nintendo were to meet this goal it would put total Switch sales at 37.79 million in just two years' time.

Nintendo is also experimenting with new hardware innovations in its research and development arm, which could lead to new additions like the patented Supplemental Computing Device, VR/AR add-ons, new products like the Labo creations, and of course the Switch Online service.

However it's worth mentioning the company didn't hit the 70 billion yen R&D spending forecast for FY2017, instead only spending about 64 billion yen. Nintendo has moved the 70 billion yen R&D spend forecast for FY2018 instead.

3

3