Nintendo's Switch Puts Profits Back on Course to Wii-Era Levels

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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.

As Engadget reports, we can expect to see the new president Shuntaro Furukawa, who will be replacing Tatsumi Kimishima who has been in charge since 2015. Some of these are prominent employees of Nintendo, including Yoshiaki Koizumi, who was a key architect of the Nintendo Switch, and Takashi Tezuka, who contributed to Super Mario Odyssey.

The initial success of the hybrid home-portable Switch has boosted Nintendo's gaming software sales and encouraged more third-party publishers to make games for the console, a cycle analysts expect to further push up console sales.

"We believe OP could more than triple in 2 years, driven by cyclical (Switch) and structural (digital adoption for console games; mobile game revenues) factors", he wrote.

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Nintendo has appointed a new president.

So yeah, the Switch is selling better than Nintendo expected, and it's expected to do even bigger numbers this year. For the full fiscal year through next March, profit will climb to 225 billion yen, according to Nintendo's outlook.

Nintendo said it aims to sell 20 million Switch consoles in the financial year started April, confirming its previous forecast made in January. Coming off of the general failure that was the Wii U, this is huge for Nintendo and it looks like the console shows no signs of slowing down for them. Furukawa was also involved with marketing and sales plans for the Switch, as well as working extensively in Europe, prior to his appointment as president of the company. A new "Super Smash Bros." game will, in all likelihood, light up sales charts when it launches later this year, but Nintendo certainly has other major projects for 2018 that are still under wraps. "I will balance Nintendo's traditions: originality and flexibility".

"I grew up playing the Famicom and come from that generation", Bloomberg reports Furukawa saying. More titles in the Mario series will also launch in the course of this year, for the Switch as well as smartphones.

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