Nintendo had a killer fiscal year as profits continue to fly from Switch sales

Nintendo had a monstrous 2017 and it’s all thanks to the Nintendo Switch -- and a little nostalgia.

April 27, 2018

The gaming giant that graced us with titular characters like Link, Donkey Kong, and, of course, everyone’s favorite mushroom-loving plumbers, had a big 2017 all thanks to their newest gaming console.

According to their annual earnings report, the company’s profits increased 505% to roughly $1.6B this last fiscal year as they sold 15m Nintendo Switch units.

Riding Yoshi straight to the top

Since the Switch went on sale in March 2017, Nintendo has sold 17.7m units, making it the fastest-selling home game console in the US — outpacing the Nintendo Wii and Playstation 4 in first-year sales.

Yesterday the Kyoto-based company said it expects operating profit to rise almost 27% through next March, which would be a 9-year high if the Switch continues to sell in its second year.

And by the beard of Bowser, they believe it will

The company projects 20m sales in the next 12 months — their secret weapon? More nostalgia.

Mario and Zelda made it into the fold in its first year, and the company recently announced plans to re-unleash the carnage first brought on by the N64 with a new Super Smash Bros.

Looks like it’s time to buy a new gaming console.

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