Nintendo announced today its financial earnings report for the fiscal year ending on March 31, 2017. The big question on everyone's mind was "How well did the Switch do?" So far, Nintendo's newest console is off to a damned good start, with 2.74 million systems sold since launch on March 3. The company was hoping for 2 million sold during the period, so this puts them well ahead of the curve.
The Legend of Zelda: Breath of the Wild proved to be a strong anchor for Nintendo's latest, selling 2.76 million units on the Switch and another 1.08 million on the Wii U. Yes, this means the Switch version of Breath of the Wild sold more copies than the system itself, matching the performance of the game in the United States.
Nintendo is feeling bullish about the Switch's prospects, which makes sense given the great opening month sales and continued retail demand. The company estimates that it will sell 10 million Switches in total during this fiscal year.
"I was relieved by a strong start of the Switch," Nintendo president Tatsumi Kimishima told Reuters. "If the 10 million target is achieved ... that means the sales momentum would be close to the Wii."
The Nintendo 3DS isn't doing too bad either. Pokemon Sun and Moon sold a total of 15.44 million copies since their November launch. Other winners for the system included Super Mario Maker with 2.34 million sold and Kirby: Planet Robobot with 1.36 million units sold.
Surprisingly, a number of older 3DS titles outperformed Kirby: Planet Robobot, with Mario Kart 7 selling 1.97 million copies, Pokemon Omega Ruby/Alpha Sapphire selling 1.9 million copies, and Pokemon X/Y selling 1.41 million units. Nintendo attributes the strong 3DS and Pokemon game sales directly to Pokemon Go on mobile platforms.
All told, the strong sales of the 3DS and Switch combined with mobile revenue means Nintendo profits were way up. Revenue was relatively flat year-over-year, coming in at 489 billion yen ($4.4 billion) compared to 504 billion yen in the previous fiscal year. Profit skyrocketed though, jumping from 17 billion yen to 103 billion yen ($917 million). Kimishima was reticent to bump up the profit forecast for the next fiscal year, stating that marketing costs for the Switch were going to be increasing.