Nintendo records $1.28B in fiscal year profits

BUSINESSNINTENDO SWITCH

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Nintendo Co., Ltd. this week recorded $1.28 billion in fiscal year profits due to strong sales of the Nintendo Switch.

The annual profit is a 36 percent increase from the year prior.

The company sold 15.05 million Nintendo Switch units in the fiscal year ending Mar. The hardware has sold 17.78 million units to date.

Nintendo Switch software sales totaled 63.51M units in the same period.

The company said it expects to sell 20M Nintendo Switch units next fiscal year.

Finally, president of Nintendo Tatsumi Kimishima will retire in late June. He will be succeeded by Shuntaro Furukawa.

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