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Nintendo’s Switch console continues to break records, with the company reporting the sale of 3.91 million units in the April-June quarter, surpassing last year’s figures. The remarkable success of the latest “Zelda” title, “The Legend of Zelda: Tears of the Kingdom,” has been a key driver behind this impressive growth.
“The Legend of Zelda: Tears of the Kingdom” has received widespread acclaim, boasting an impressive score of 96 out of 100 on reviews aggregator Metacritic. This universal praise has contributed significantly to the game’s popularity, with 18.51 million units sold in the first quarter alone.
The success doesn’t end there for Nintendo. Their movie, “The Super Mario Bros. Movie,” has been topping the global box office ranking, further adding to investor confidence and boosting Nintendo’s market performance.
#NintendoSwitchOnline members can now redeem their #MyNintendo Platinum Points to collect custom icons from The Legend of #Zelda: Tears of the Kingdom, available until 9/7 at 6pm PT. #MissionsAndRewards
Learn more: https://t.co/HVwxvyKuY9 pic.twitter.com/Ogeoz1mroh
— Nintendo of America (@NintendoAmerica) August 4, 2023
Despite this stellar performance, industry watchers are keen to learn about Nintendo’s plans for the future. The hybrid home-portable Switch has been on the market for seven years, receiving incremental updates, including a handheld-only version. However, speculation remains about the timing of a potential successor.
Experts suggest that Nintendo is likely to maximize the current system’s potential during this fiscal year before introducing a new hardware offering in the coming year. The company’s full-year forecast for the console stands at an ambitious 15 million units, showcasing their confidence in sustaining momentum and uniting console and handheld businesses.
Nintendo’s strategy seems to be paying off handsomely, especially considering the significant return on their shares since the Switch’s debut in March 2017. The stock has delivered a remarkable three-fold return, including dividends, outperforming the benchmark Nikkei’s returns by a significant margin.
The future looks bright for Nintendo, with a promising pipeline of upcoming titles, including “Detective Pikachu Returns” and “Super Mario Bros. Wonder,” slated for release later this year. The company’s ability to consistently captivate audiences across different mediums demonstrates its prowess in extending the appeal of its hardware and staying at the forefront of the gaming industry. As Nintendo continues to innovate and deliver top-notch gaming experiences, fans eagerly await the next chapter in the company’s impressive journey.
