Nintendo sold 15 million Switch consoles in FY2017
27 April, 2018, 10:10 | Author: Devin Moran
Furukawa has been operating as the president av The Pokémon Company for the past six years and prior to that served as "Supervisor of Corporate Analysis & Administration Division".
"Furukawa comes across as thoughtful, very knowledgeable and quite well informed", said Atul Goyal, an analyst at Jefferies Group. He may be the flawless person to fill the communication gap that exists between Nintendo and investors.
A graduate of Waseda University, Furukawa worked for about 10 years in Germany, according to the Nikkei newspaper.
The success of the Switch has been a huge development for Nintendo after the company whiffed on its last console, the Wii U. As the Switch becomes more ubiquitous it will be on the company to keep the excitement up. We'd obviously expect a Mario title to be among the most popular for any Nintendo console, but it's important to remember that Odyssey has only been available since the end of October, meaning it's been selling like insane ever since launch.
The company said it was appointing Furukawa to replace Kimishima, who is retiring.
During the press conference in Osaka, Furukawa talked about bringing out Nintendo's full potential, and said he would balance Nintendo's traditions: originality and flexibility. As for the company's Labo cardboard peripherals, there is no sales information since they were launched only recently. We also don't know when Mario Kart Tour, the company's next mobile effort, is headed to smartphones. The web portal relays that Nintendo has sold 17.79 million units to consumers worldwide as of March 31st, 2018 since its launch on March 3rd, 2017.
Switch software titles totaled 63.5 million in the latest year, exceeding the company's forecast for 53 million.
Nintendo's recent yearly financials show strong growth across the board, and its recent Switch hybrid system continues to accelerate sales. Including titles from other game publishers, a total of 12 games selling at least one million have emerged on the Nintendo Switch.
Annual revenue from smartphone games rose 62 percent to 39.3 billion yen.
With the likes of Bayonetta 3, Super Smash Bros and other Nintendo titles on the way, year two of the Nintendo Switch seems to be robust for many a fan. Income primarily attributed to Pokemon Go fell to 10.3 billion yen from 20.3 billion yen a year ago.
Tangible net assets per share increased to 52.3 pence after adjusting the December position for the implementation of IFRS 9. On the other hand share of Prospect Capital Corporation , belongs to Financial sector and Asset Administration industry.
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