etvfutures.com
etvfutures.com November 20, 2017


Nintendo's plan to make sure everyone can get a Switch in 2018

10 November 2017, 11:51 | Lucia Cruz

Nintendo To Increase Switch Production; Planning To Ship 50 Million Units By April 2019

No Caption Provided

Wall Street Journal points out some industry professionals think the Switch could surpass the Wii's sales, which sold over 101 million units and is the company's best-selling product.

The Switch has been an unequivocal success for Nintendo, but if there's one area where the company has faltered, it has been producing enough supply to meet the voracious demand. Currently, Nintendo's projections for the fiscal year are to sell 14 million Switch units, though the increased production of the system for next fiscal year could change depending on how well the system performs during the upcoming holiday season (and the Switch's first holiday season). Although Nintendo has already informed business partners of its decision, the plan is still in an early stage.

Tencent-backed search firm Sogou jumps 10 percent in U.S. market debut
Sogou is the latest in a string of private Chinese internet companies to make offshore listings over the last two months. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4 percent.


From the day the Switch launched on March 3rd up through the end of September, Nintendo sold 7.6 million Switch consoles worldwide. Although Microsoft has long since stopped reporting Xbox One sales numbers, the company is believed to have sold somewhere around 30 million units to date.

Nintendo had already said that it would be increasing expected shipments in this fiscal year as well during its last financial briefing on October 31. However, new reports show that Nintendo has plans to increase production of Switch consoles this holiday season and next year. Nomura Securities analyst Junko Yamamura, the outlet says, predicts the console will sell "115.8 million units by March 2023".



Other News

Trending Now

Justdial Denies to Google Offer, Stock Gets almost 20% Raise
The stock, despite surge, was still far lower than its 52-week of Rs 619 that it had achieved on March 17 this year. The Stoke Exchange said, "With respect to the recent news item captioned " Google , Just Dial in deal talks".

Ford trials futuristic exoskeleton for factory workers
Workers at two factories are testing the Ekso upper-body suits, which are built to reduce injuries and increase productivity. Ford is testing out technology to lessen the strain of physical labor on its factory workers.

More Than 80000 People Rushed to Buy This Stranger Things Dino Hoodie
Not just any sweatshirt, mind you, but one that name-drops the Science Museum of Minnesota (SMM). It's not clear when items will ship, but the museum is happy with the publicity.

Big cruise ships no longer allowed in Venice
In September activists chained themselves to a large cruise ship while it was calling in Venice . The building works which must take place are expected to take between three and four years.

Internet giant Alibaba kicks off Singles' Day shopping bonanza with a bang
It started as an informal holiday, sometimes dubbed an anti-Valentine's Day, meant to celebrate those not in relationships. Comparing Single's Day to Amazon's "Prime Day" gives a good idea of the massive scale of the holiday.

Metrics Behind Roku Inc.'s Soaring Stock Price
Finally, Sei Investments Co. acquired a new position in shares of Roku in the third quarter valued at approximately $544,000. SG Americas Securities LLC acquired a new position in shares of Roku in the third quarter valued at approximately $273,000.

Dena Bank Q2 net loss widens to Rs 185 crore
However these numbers are not comparable since the bank merged five of its associate banks with itself on April 1, 2017. Its stock surged more than 6 percent after the results.

'I Loved Him': Donna Brazile Chokes Up Over Seth Rich
I think that in order to get better, you always have to be introspective", said John Martin of San Ramon. Barbara Farhner of Walnut Creek is a Democrat who supported Bernie Sanders in the primary.

Kids help kick off red kettle campaign in Plattsburgh
Almost 100 locations around the area are available to The Salvation Army's iconic red kettles this year. Twenty-five Red Kettles are going up at stores throughout Bloomington-Normal.

Catalan parliament speaker pays bail, to be released from prison: court
Spain's constitutional Court warned that the Parliament's October 27 vote declaring a new Catalan republic would be illegal. Ms Forcadell left the Alcala Meco jail close to Madrid in an official Catalan parliament auto shortly after 2pm (1pm GMT).