ibusinesslines.com November 14, 2018

Nintendo Switch Console Sales Reach 21.74 Million Units Worldwide

31 October 2018, 02:12 | Jodi Jackson

Nintendo Switch Just Outsold Gamecube's Lifetime Sales

The Nintendo Switch Has Upended the Video Game Market

Nintendo didn't change its full-year outlook for operating profit, revenue, and Switch hardware and software sales.

Bloomberg is reporting today that Nintendo's recently published quarterly results have quite simply missed analysts estimates due to the lack of heavy hitting games recently.

Super Mario Party, the latest installment in the Mario Party series, marked its worldwide debut on October 5 and it went on to sell 1.5 million units worldwide in less than a month. On Wednesday, after the earnings, Sony climbed as much as 7.1 percent - its biggest intraday jump in a year - while Nintendo fell as much as 4.7 percent. The company's 5.07 million units sold for the first half of this fiscal is up from 4.89 million for the same period past year.

"The PlayStation is doing great, Spider-Man sold like insane in the second quarter", said Kazunori Ito, an analyst at Morningstar Investment Services in Tokyo.

Nintendo has sold more Switch consoles in 15 months than it did GameCubes over that device's entire lifetime. The total software sales for Nintendo Switch reached 42.13 million. Nintendo believes it can achieve its high target with the upcoming Pokemon and Super Smash Bros, so it is all dependant on those titles as to whether it can achieve this. "Ultimate" will help drive significant sales during the holidays. Nintendo has previously said it will release another smartphone title, Mario Kart Tours, sometime before April.

The growth of the Nintendo Switch has been nothing short of meteoric, easily surpassing those of the disappointing Wii U within months.

So it's a bit of a surprise to see Nintendo put such an emphasis porting third-party games - and even more so because that appears to be working for them.

It represents a new milestone for the Switch as Nintendo's latest console has now outsold the GameCube.

Super Mario Party is available for Nintendo Switch. Both values are drastically below year-on-year, but that's to be expected.

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