Hot Switch sales boost Nintendo sales, trim quarterly loss

Nintendo of America President and COO Reggie Fils-Aime

But even if Nintendo meets that sales expectation, it puts the Japanese game company back on track toward normalcy - Nintendo's last console, the Wii U, sold just over 13 million units across several years.

To put Switch in perspective, Nintendo has only sold 13.6 million Wii U consoles in nearly five years in the market, so this is a nice turnaround. The Kyoto-based game giant, in announcing its Fiscal 2016 earnings, said the Switch has sold 2.74 million hardware units worldwide since its launch. That forecast is less than analysts were expecting.

By far the most popular game for the Switch, Zelda: Breath of The Wild, is selling at a phenomenal rate.

The Switch retails for $299 and works both at home and on the go.

The early success of the Switch has also fuelled hopes for a long-term recovery in Nintendo's earnings, sending the company's shares about 20 percent higher since the console debut. Incredibly, that includes 3.84 million copies of the Switch's flagship launch title, The Legend of Zelda: Breath of the Wild. If that figure is accurate, the company will have sold almost 13 million Switch units by this time next year. Furthermore, we released Fire Emblem Heroes, a full-fledged simulation RPG game application that can be enjoyed casually on smart devices, in February.

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The company also provided numbers for amiibo sales with 9.1 million of it coming from figure-type units and 9.3 million from card-type.

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Nintendo sold 14.8 million Wii U games during the period, down 46 per cent compared to past year.

But that result included extraordinary income from the sale of part of Nintendo's stake in the Seattle Mariners.

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Nintendo CEO said repeatedly there are "more unannounced titles" that should boost Switch itself's sales.

Nintendo had only predicted sales of 2 million for the first month of release, which explains why it's been so tricky to find stock. Pikmin in June and July. In the next financial year, however, Nintendo expects zero Wii U hardware sales - after all, it's now ceased production.

At the same time, the 3DS is also motoring along nicely. In the 2017 fiscal year the company will be trying to maintain the platform's momentum and seek to appeal to broader audiences, such as "females and children".