Nintendo Financial Report, massive Switch profits, Shibata to step down, Odyssey hits 10m sales
Nintendo has put out a financial report of their company during an investors meeting, where multiple things were discussed and revealed. One of which being the shocking statement that Nintendo would be changing company presidents. Other big announcements were made, such as the fact that Nintendo of Europe president Satoru Shibata would be stepping down from NOE, and would be moving to the Japan branch as part of the company's board of directors. His replacement has not been named at this time.
Financially, Nintendo made massive profits this year, noting that the Nintendo Switch has sold over 17 million units as of March 2018, and maintaining that the Nintendo 3DS, though at the end of its lifespan, is still making strong sales thanks to the recent Pokemon Ultra Sun and Ultra Moon titles. Super Mario Odyssey also reached 10.41 million sales, making it the number one selling game on the system. Total software sales for games on the Switch reached 63.51 million, while the 3DS sold 6.40 million systems, and total software was 35.51 million.
Other ventures proved successful as well. The Super Nintendo Classic also surpassed expectations, selling well in every region it released in, and now sits at 5.28 million sold. amiibo figure and card sales increased compared to 2016, as well.
In terms of the mobile market, Nintendo did massively well, with games like Super Mario Run, Fire Emblem Heroes, and Animal Crossing: Pocket Camp all made large profits. Nintendo's earnings for mobile games was 39.3 billion yen, a 62% increase from last year.
The company's plans for the rest of 2018 and early 2019 are to continue focusing on releasing new games for the Switch, still supporting the 3DS as it has a large install base, and refining their mobile titles, as well as releasing more IPs for that market.
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