Nintendo Raises the Bar with Unprecedented Sales of 15.5 Million Units

Nintendo has raised its sales expectations for its Switch consoles to 15.5 million units in its fiscal year ending in March, compared to the previous estimate of 15 million units, after surpassing market expectations with its latest quarterly results.

The Japanese company has also increased its financial expectations to 1.63 trillion yen (approximately $11 billion) in net annual sales, up from the previous estimate of 1.58 trillion yen.

It also expects a net profit growth to 440 billion yen ($3 billion), up from 420 billion yen for the same period.

The video game pioneer reported net sales of 598.6 billion yen ($4 billion) from October to December, higher than the expected 568.7 billion yen, but a 6% decrease from the previous year.

Net profit, on the other hand, rose by 18% to 136.7 billion yen ($920 million) compared to the expected 130.3 billion yen.

The success of the movie “Super Mario Bros” and the game “Zelda” released last year greatly contributed to the positive results and promising expectations for Nintendo, boosting interest and sales for the Switch console.

The company also mentioned the successful launch of “Super Mario Bros: Wonder” in October, which sold 11.96 million units, and the revival of sales for old games like Mario Kart Deluxe with the release of the movie.

Despite the growing sales of the Switch, fans and investors alike are speculating that the gaming company will soon release a new console this year, possibly as a successor to the current main console unit.