Nintendo Switch cash curbs quarter’s damage
2.74 million sold since sales opened in March; firm wants to sell 10 million in a year
TOKYO— Nintendo Co. says its new Switch, a hybrid game machine that works as both a console and a tablet, is selling well, helping the Kyotobased company behind the Super Mario and Pokemon franchises trim its quarterly losses.
The new Switch, a hybrid game machine that works as both console and tablet, is selling well
Nintendo said Thursday it has sold 2.74 million Switch machines and 5.46 million units of Switch software since sales began in March. The company’s January-March loss was 394 million yen ($4.8 million), improved from 24 billion yen a year earlier. Quarterly sales jumped to nearly 178 billion yen ($2.2 billion) from 79 billion yen.
Nintendo has lagged amid competition from smartphones.
The company expects to sell another 10 million Switch machines in the fiscal year that ends in March 2018.