Nintendo Switch Made Over $1.7 Billion in Sales Since Launch

Featured Image by Nintendo: The Nintendo Switch

Over 4.7 million units of the Switch were sold since its launch in March 2017.

A week after the launch of the Nintendo Switch on 3rd March 2017, Nintendo reported that it was the fastest-selling console in the company's history, with increasing sales in North America and Europe. The console has shipped over 2.74 million units in the first month of its launch, that's 20% of the lifetime sales of the Wii U and in its first two days on sale it surpassed the Wii in both Europe and the Americas region. The Distribution of shipments included 1.2 million units in North and South America, 600,000 in Japan, and 940,000 in all other regions including Europe and Australia. Nintendo Switch has now sold 4.7 million units as of 30 June  2017.

Media Create estimated that more than 500,000 Switch units were sold in Japan within its first month, beating the PlayStation 4. By May 23, 2017, the success of the Switch's launch raised Nintendo's stock price to its highest levels in seven years, and an increase in price of over 100% from the previous year. Nintendo’s stock has risen 9.3 percent since the debut of its new console.

According to The New York Times 2014 was one of Nintendo’s largest financial losses in its modern history which was attributed to weak hardware sales against mobile gaming. Instead of an annual profit of $527 million, Nintendo reported a net loss of $240 million. The Switch might help put Nintendo back in the game allowing the company to recover from the unsuccessful Wii U.

During release, the Switch was praised by reviewers for having a lot of potential, but failed to make a positive impact because of the limited number of games available at launch that did not show the full extent of the console's abilities. Reviewers also noted that the initial operating software and features were limited and included some software bugs, although these were likely to be fixed at a later date.

More on this topic:
Clay Bailey, a story-teller at heart and a talent for creative writing and poetry. He has ghostwritten novels and won poetry competitions while attending Penwith College and Mounts Bay Academy.
Gamer Since: 2004
Favorite Genre: RPG
Currently Playing: Skyrim
Top 3 Favorite Games:Borderlands, Assassin's Creed: Brotherhood, Final Fantasy XIV: Heavensward
This article makes me feel: