Published: Fri, April 27, 2018
Sport | By Patty Hardy

Nintendo Gets a New President

Nintendo Gets a New President

After releasing of the Nintendo Switch, the company had sold more Switch consoles in the first nine months than Wii U consoles were sold in their entire lifetime. This isn't near the 7.23 the Switch sold in its first three months on store shelves, but does push the system's total units up to an impressive 17.19 million. Super Mario Odyssey sold 10.41 million units, Mario Kart 8 Deluxe: sold 9.22 million units, and Splatoon 2 sold 6.02 million units.

Nintendo's released its first full financials after the Switch's release in March past year, and the system has done unbelievably well. Switch now has 12 games that have moved over one million copies worldwide - not too shabby, eh? It was already increased from 10 million to 14 million earlier in the financial year. The name of Tatsumi Kimishima will forever be linked to the successful launch of the Nintendo Switch, which gave Nintendo a huge boost after a long time.

Based on these sales, Nintendo has made a profit of ¥139,590 million (~$1.28 billion) which is a 36.1% increase year on year.

Taking his place will be Shuntaro Furukawa, who's a good 22 years younger than Kimishima. It didn't disclose unit sales of The Legend of Zelda: Breath of the Wild in its financial release. Some feel that trait may be especially valuable as Nintendo looks to expand even further into Western markets with the success of the Switch and their mobile titles. We know that there are new Metroid Prime, Pokemon and Bayonetta games on the way, but none have explicitly been confirmed as receiving a 2018 release.

Nintendo announced today that Tatsumi Kimishima will step down as its president in June.

In total, Nintendo earned $1.6 billion United States dollars in profit in 2017.

Nintendo's latest earnings reports show a decline in sales.

When asked about what his approach to management will be, Furukawa responded: "I grew up playing the Famicom and come from that generation".

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