Nintendo Ups Outlook Thanks to Booming Switch Sales

Nintendo is living the high life right now with its Switch console selling very well. It hasn’t had this much success since the Wii launched years ago and people flocked to the new console, so it needed the Switch badly. Switch sales are going so strongly that Nintendo has announced it would be raising its outlook for profit and Switch console sales for a second quarter.

Nintendo has upped its operating profit outlook to 160 billion yen, or $1.5 billion, from the 120 billion number it had previously offered up for the current fiscal year that ends in March. Nintendo had previously expected to sell 14 million Switch consoles during the fiscal year and has now upped that to 15 million units sold.

Nintendo had sold 10 million Switch consoles as of December. The booming profits and sales numbers at the game company have seen its share price double to a decade-high reports Bloomberg. The total market value for Nintendo right now is 6.8 trillion yen.

Nintendo’s challenge after the current fiscal year will be to continue the sales momentum and aim for casual gamers. “During our first year, we’ve been fairly successful in selling the Switch to customers who have an interest in video games,” President Tatsumi Kimishima said at a news conference Wednesday. “From our second year, we have to expand it dramatically to those who don’t play video games that often.”

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