Surprising Nobody, The Switch Continues to Sell Very Well

It has been recently announced that 68-year-old Tatsumi Kimishima will no longer be the president of Nintendo and will step down in June.

Tatsumi Kimishima, 68, has been with the company for nearly 30 years in total, working his way from The Pokémon Company's Chief Financial Officer in 2000, to President of Nintendo of America in 2002. Shuntaro Furukawa, who has been with Nintendo since 1994, will be the new president. With almost 18 million units sold, the Switch has exceeded pretty much every sales projection from Nintendo and various analysts, making it clear that no one was really expecting this level of success for the console.

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Sales of the console reached 15 million units in the year ended March, bringing the cumulative total to 17.8 units since its global release in March least year. He became president of Nintendo of America in 2002.

So, the Switch joins fellow hits like the NES, Game Boy, and Wii as another major milestone for Nintendo, and its success is only expected to grow in the coming year.

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The electronics and video game company posted 2018 fiscal year results which included 2018 third-quarter operating profit of ¥178 billion that beat consensus of ¥169 billion by 67%.

According to Bloomberg, Nintendo is forecasting a profit of 225 billion yen (£1.47 billion) for the fiscal year ahead, as well as even higher sales of the Switch console, which it forecasts will exceed 20 million units.

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In Nintendo's latest earnings report, marking the end of the company's financial year, we now know that the Japanese gaming giant has sold 2.93 million consoles over a three month period. "I will balance Nintendo's traditions: originality and flexibility". Super Mario Odyssey crossed the 10 million in sales threshold, with other games like Mario Kart 8 Deluxe also selling well. Now as a member of management with Super Mario's creator Shigeru Miyamoto, I have a lot of respect for him. If achieved, it would be Nintendo's highest profit since the year ended March 2010. He also pledged to "say what needs to be said to run the company" despite his fandom.

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