Considering that the Wii U's lifetime software sales now sit at 102.01 million units, the Switch is doing very well for itself.
Nintendo's released its first full financials after the Switch's release in March a year ago, and the system has done unbelievably well.
The success of the Switch drives up profits in an incredible jump. What's more, Nintendo has seen their profits increase by 500%. With the Nintendo Switch now on a winning streak with major publishers pushing their games onto the platform (most recently Ubisoft with South Park: The Fractured But Whole), this is the ideal time to try new ideas and new leadership.
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Wade added with a grin: "This is Philly and I love Philly , but there ain't gonna be no breaking news here in Philly , I'm sorry". Wade admitted that he has thought about retiring, but said that he won't make an official decision until during the summer.
He said Switch's new line of cardboard DIY accessories, "Labo", could be boosting the game console's popularity. The current president, Tatsumi Kimishima, was always understood to be a stand-in of sorts until a more permanent appointee could be decided upon. Nintendo expects to sell 100 million in the coming year. He will be officially appointed as the new sixth president and CEO of Nintendo in June.
Things are equally impressive on the software side of things, where the company revealed that there have been 68.97 million units sold so far. At 46, Furukawa is 22 years younger than outgoing President Tatsumi Kimishima, a former banker who oversaw the new hybrid console's debut last year.
"Ultimately Mr. Iwata was the head of development, so he put a lot of thought and time into Switch", said Miyamoto, who also serves as Nintendo Creative Fellow at the system's launch. That will equate to some 20 million Switches sold come March 2019, if Nintendo's predictions are correct.
Annual revenue from smartphone games rose 62 percent to 39.3 billion yen.