Nintendo sold 15 million Switch consoles in FY2017

Nintendo managed to hit its lofty sales target for Switch hardware.

@DeekeTweak
Published Thu, Apr 26 2018 4:17 PM CDT   |   Updated Tue, Nov 3 2020 11:52 AM CST

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

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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.

Nintendo sold 15 million Switch consoles in FY2017 663453 | TweakTown.com
Nintendo sold 15 million Switch consoles in FY2017 77357 | TweakTown.com
NEWS SOURCE:nintendo.co.jp

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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