Hot Switch sales boost Nintendo sales, trim quarterly loss

Meanwhile, the Nintendo 3DS sold 7.27 million units with a 7% increase on a year-per-year basis.

For the 12-month period beginning this month, Nintendo expects to see operating profit of Yen65 billion yen ($585 million) on revenue of Yen750 billion, the company said. That forecast is less than analysts were expecting.

Nintendo says the success of its new Switch console will help it to double annual profits.

And because - unlike Sony and Microsoft - Nintendo relies on games and consoles for nearly all its sales, it is arguably more vulnerable to this trend.

The report also revealed that The Legend of Zelda: Breath of the Wild sold 3.84 million units since its launch on 3 March alongside the Switch, including 2.76 million units sold for the new console alone. The sales volume for hardware and software during this period reached 2.74 million units and 5.46 million units respectively. Despite these prospects, some analysts believe that the Nintendo Switch will face strong long-term sales. The number does not even factor in sales of the game on the Wii U, which, if added, total to 3.84 million copies.

It's been a good year for 3DS, however, as sales of hardware grew 7% year-on-year, shifting 7.27 million units, while software sales hit 55.08 million units (a 14% rise on last year).

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For Wii U, the system sold 760,000 units during the fiscal year, down 77 percent year-over-year. Super Mario Run was also mentioned, but no numbers were listed for the game. Furthermore, we released Fire Emblem Heroes, a full-fledged simulation RPG game application that can be enjoyed casually on smart devices, in February.

Video game stories from other sites on the web.

Amiibo shipped 9.1m figures and 9.3m cards during the year. Third-party developers have also announced major titles for Nintendo 3DS.

The projected Yen65 billion operating profit, if realized, would be the highest since the year ending March 2011. Overall profit was ¥102 billion yen, which is up 521.5 percent, but this includes the vast amount of money Nintendo made from selling the Seattle Mariners. It plans to release titles featuring its classic Mario character and an addition to its highly popular Splatoon series by the end of this year. The Switch is Nintendo's fastest selling console of all time.

By launching earlier in the year, though, Nintendo could be positioning itself for even stronger holiday sales. In the 2017 fiscal year the company will be trying to maintain the platform's momentum and seek to appeal to broader audiences, such as "females and children".

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