Nintendo Nearly Doubles Profit Outlook As Switch Hits Home Run

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To put that in perspective, the Wii U only sold 13.56 million over its entire lifetime. While there have been conspiracy theories of an artificial shortage, Nintendo expects to tally 14 million Switch console sales during the previous quarter, up from 10 million.

The signs are already promising.

The Switch is a "hybrid" console that can either be hooked up to a television or used on-the-go and sells for £279.99 in the UK.

By November 2014, the PlayStation 4 was on 14.4 million sales, with shipments confirmed at 19.9 million by the end of the year. Key to that may be overcoming whatever issue it is that is constraining supply on Nintendo's side.

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But Nintendo's core business is still going strong. "Super Mario Odyssey" - Nintendo's latest installment of the gaming industry's best-selling franchise - released Friday on the Switch to positive reviews. Profit was 51bn yen (£334m). Since launch, the Switch has done exceedingly well, and Nintendo's been forced to increase its sales estimates at every turn. Because of this, it's no surprise folks are more receptive to Switch than they were to Wii U. With that in mind, chess on Nintendo's ultra-portable Switch hardware certainly makes for an ideal match.

"We've boosted Switch production in order to meet strong demand from our customers as it was hard for customers to buy the consoles at retail stores", said Nintendo President Tatsumi Kimishima. With the Switch, Nintendo dug itself out of the hole by not only winning back hardcore gamers, but also defending its core family demographic. Nintendo also boosted its software sales forecast, which it now believes will total 50 million units, up from its previous forecast of 35 million.

A lot has changed for Nintendo over the past year.

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