Nintendo doubles revenue estimate due to Switch demand

Nintendo doubles revenue estimate due to Switch demand
Sean Cleaver

By Sean Cleaver

October 30th 2017 at 11:01AM

The company raised their initial 65 bn Yen estimate to 120 bn Yen following a boost in console production.

Nintendo has doubled its revenue estimate for 2017 following demand for the Nintendo Switch console.

The Japanese video game maker, according to reports from Reuters, raised its initial 65 Billion Yen revenue prediction, which was made only three months ago, to 160 Billion Yen. The rise in the revenue prediction has been put down to the increase of sales of the Nintendo Switch console.

Problems regarding available supplied of Nintendo Switch stock appear to be easing, which has helped the company reach its highest performance in seven years. The prediction of Switch sales has also gone up to 14 million, which would beat the lifetime sales of its predecessor, the WiiU.

At present, the console has sold just under 8 million units and shifted 27.4 million game units, including the two stand out titles, The Legend of Zelda: Breath of the Wild and Super Mario Odyssey, The latter, released on Friday, has already topped the Switch sales records of Breath of the Wild.

Part of Nintendo's profit rise has also been the greater focus on the mobile gaming market, with titles such as Super Mario Run and Fire Emblem Heroes helped to secure a $157 million profit from net sales.