Nintendo Plans to Release 'Cheaper' Switch by End of June

Nintendo initially forecast sales of 20 million units for the year, but adjusted that figure back in January.

Analysts estimate that Nintendo has sold 17.5 million Switch consoles so far.

With that in mind, Nintendo expects the Switch to sell another 18 million units in the fiscal year ending March 31, 2020, helping it achieve a net sales of 1.25 trillion yen ($11.2 billion) and profits of 180 billion yen ($1.6 billion).

3DS hardware sales, meanwhile, decreased by 60.2 percent year-on-year to 2.55 million units, although it's worth remembering the handheld is eight years old at this point.

In Japan alone it now stands at 8 million consoles sold (8,000,058 to be exact), and at the relative rate it's selling could easily surpass the cumulative 8,033,587 million PlayStation 4's sold in the country by the end of next week, if not sooner.

"Nintendo is also shifting away from measuring its success via the "tie ratio", which is calculated by dividing the number of software units sold by the number of hardware units sold".

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On the mobile front, IP related income was 46.0 billion yen, a 17.0% increase year-over-year.

Yesterday saw the release of Nintendo's Fiscal Year 2018 results, and late last night President Furukawa and other Nintendo execs sat down with investors for a presentation and Q&A.

Nintendo might release a cheaper Switch model in June 2019, according to a report from Bloomberg. A second pro model is also slated for release some time this year.

An attendee plays a video game next to the Nintendo booth at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. Nintendo's gotten away from big E3 or E3-adjacent hardware announcements in recent years.

The industry is facing a shake-up with established console gaming companies like Nintendo and Sony Corp exposed to competition from new entrants like Alphabet Inc's Google offering browser-based games streaming services.

  • Delia Davidson