Nintendo Switch overtakes N64 in lifetime sales

Cheaper Nintendo Switch could launch by end of June

That's not quite the 20 million unit goal that the company set for itself, but it's impressive nonetheless.

Nintendo has reported an upturn in profits and sales for the fiscal year ended March 31, 2019, despite the Switch just missing out on its revised full-year sales target of 17 million units. The company had 23 million-selling Switch titles across the entire year, with flagship releases like Super Smash Bros. That racer's still the best selling Switch game, too, now at 16.69 million units sold.

Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-priced version of the device.

In fact, if Furukawa was being particularly cagey with reporters, we could still get announcements for more Switch hardware any time that is not "this year's E3 in June".

And of course there's the 3DS, which continues to perform strong but obviously wind-down, with 2.55 million hardware units being sold (down 60.2%) and 13.22 million software units (down 62.9%). Annual sales rose 14% to 1.2 trillion yen ($10.7 billion). Nintendo's expectations to ship 18 million more consoles this year, also was below analyst expectations.

Nintendo is reportedly launching two new Switch models later this year, with the budget-friendly model apparently dropping at the end of June.

However, contrary to previous rumors, Nintendo has since denied reports that it will announce a new console at E3 2019 (via Bloomberg).

A next-gen Switch isn't in development, new sources close to the matter told Bloomberg. Or, it states the company is "always working on hardware internally".

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