The gaming giant posted $145 million in operating profit for the April-June quarter and reported 1.97 million unit sales of the Switch console, which beat analyst estimates.
The $299 Switch, which features a hybrid home/on-the-go design, distinctive controllers, and games that are sold on cartridges, has been a hit since it was released in March and is sold out virtually everywhere. It’s helped Nintendo rebound from the last few years when the company struggled to turn a profit amid slumping Wii U sales. Nintendo, which has increased production to meet the demand, has seen shares rise 60 percent since the Switch debuted.
Nintendo sold 2.74 million Switch units in its first month on store shelves; it has sold 4.7 million units to date. The company is still projecting its forecast of 10 million consoles sold for the fiscal year, which ends this March.