The video game company only expected to sell 2 million, which is one reason the Switch is still hard to find in stores.
The strong initial sales momentum is raising industry expectations that the Switch, a hybrid home console and handheld device, could repeat the success of the Wii. Nevertheless, this became the worst selling console of Nintendo.
Pokémon Sun and Moon sold a whopping 15.44m copies, while Super Mario Maker for 3DS sold 2.34. Since its March 3 release, 2.74 million units have been sold along with 5.46 million units of games and software.
Of course, nothing is guaranteed: Wii U has crashed and burned after a strong start, selling over 3 million units in its first 6 weeks in the market in 2013.
Wondering how the Switch is doing around the world? No sales figures are available for the 1-2 Switch party game.
"Our point is that, unlike for the very successful Wii, numerous unique aspects of the Switch platform are not the main factors behind strong early sales, which leaves Nintendo vulnerable to the structural shortage of third-party titles, deficient online offering, and weaker graphics", he said. In total, he sees sales of 54 million Switch units. Do you think the Switch will outsell the Wii U in its first year?
Analyst Activity - Cowen and Company Reiterates Buy on Honeywell International (NYSE:HON)
The company has a market capitalization of $98.42 billion, a price-to-earnings ratio of 20.85 and a beta of 0.94. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock.
As far as sales are concered, the Wii U is now a dead console.
Nintendo has lagged amid competition from smartphones, and also at times has been slammed by an unfavorable exchange rate. Super Mario Run, meanwhile, has bombed, as consumers shied away from a steep $9.99 price tag.
Nintendo made the disclosure in its new earnings report [PDF] for the fiscal year 2016, released on Thursday, April 27.
Over the last 12 months, Nintendo has boosted its net profit by five times, earning around $4.4 billion in revenue. We have also included 50.3 billion yen share of profit of entities accounted for using the equity method related to The Pokémon Company and other investments, resulting in an ordinary profit of 20.2 billion yen. That projected 65 billion yen figure might be higher still, but Nintendo plans to spend heavily on Switch promotion this year, Kimishima told the Journal.
We've already gotZelda: Breath of the Wild with Mario Kart 8 Deluxe, ARMS and Splatoon 2 in the works. We kind of saw this with the recent Nintendo Direct, where multiple 3DS titles got announced or had their release dates firmly set on the calendar.