Nintendo Boosts Switch Forecast Yet Again
- Paul Thurrott
- Nov 05, 2020
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Nintendo said today that its Switch portable gaming console is so successful this year that it will sell 24 million units overall in 2020, up from its previous forecast of 19 million.
The revelation came as part of its latest quarterly earnings report. Nintendo announced that it earned an operating profit of $1.42 billion on revenues of $3.96 billion for the quarter ending September 30.
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“Sales of Nintendo Switch hardware and software remained strong, leading to an overall increase in sales despite the negative impact of the strong yen,” Nintendo explained in a briefing for financial analysts. “Nintendo Switch has been selling well in Australia and in the Asia region, which since December of last year includes sales in China. In addition, the sales ratio in these other regions is increasing.”
To date, Nintendo has sold 68.3 million Switch units to customers, and it expects to sell 24 million units overall in 2020 alone. The firm also raised its forecast for Nintendo Switch software from 140 million units by 30 million to 170 million units by the end of the year.