Nintendo's shares rose following reports of strong sales of its Switch console, but analysts say it's too early to project its long term success.
Nintendo’s shares rose on Wednesday following reports of strong sales of its Switch games console.
The hybrid home and mobile device is essential for Nintendo’s future profitability after the poor performance of its previous offering the Wii U.
Japanese video gaming magazine Famitsu said an estimated 330,637 Switch units were sold in Japan in the first three days after its release on March 3.
Early sales in Europe and the United States were also reported high.
1. Update on Nintendo Switch sales I'll break into a multi-tweet. This from an intvw with Reggie Fils-Aime, Nintendo of Amer. Pres
— Nick Wingfield (@nickwingfield) March 6, 2017
2. Fri-Sat sales for Nintendo Switch exceeded first 2-day sales in Americas for any system in Nintendo history. Next biggest was Wii.
— Nick Wingfield (@nickwingfield) March 6, 2017
3. This is particularly notable given that Switch launched in March, rather than holidays
— Nick Wingfield (@nickwingfield) March 6, 2017
Nintendo Switch Sales In Europe Are Breaking Records https://t.co/lfYgunSS64pic.twitter.com/qiMtc7O569
— Ubergizmo (@ubergizmo) March 8, 2017
But analysts said it was still too early to project the device’s long term success.
They point to mixed reviews, a lack of games and technical issues including dead pixels and Bluetooth connection problems for one of the controls.
Don’t read too much into Nintendo Switch’s big launch numbers https://t.co/BB8ghSWOKX by
KyleOrl</a></p>— Ars Technica UK (ArsTechnicaUK) March 8, 2017
Bent docks and dead pixels added to Nintendo Switch noise https://t.co/0GvVF000Xopic.twitter.com/kSu8u9XqGx
— MCV (@MCVonline) March 8, 2017
