The full Nintendo earnings report is out, and it’s very good news for the company: they raked in $6.7 billion (with a B) in sales and had profits of $920 million. That’s an increase of 521% over the year before.
But there’s a big, non-gaming reason for that increase: Nintendo sold off the majority of its stake in the Seattle Mariners baseball team, where they made a hefty profit — more than half a billion dollars.
Another reason for the massive increase in profit: the success of Pokemon GO, which is raking in millions each month for the Pokemon Company, of which Nintendo owns two-thirds.
But Nintendo is expecting an even better next year, mainly thanks to the Switch. Nintendo expects to sell 10 million Switch consoles in the current fiscal year, which ends on March 31st, 2018. Nintendo expects profits for next year to increase by 121%.
They also revealed sales worldwide numbers for their consoles (fiscal 2016):
- Switch: 2.74 million units
- 3DS: 7.27 million units
- Wii U: 760,000 units