The Switch was released in March 2017 and within first four weeks of its release, the device witnessed a sale of 2.74 million units which is quite astounding.
It forecast profit of 120 billion yen ($1.06 billion) for the year ending March, up from 65 billion yen estimated three months ago.
In comparison, Nintendo's previous generation home console, the Wii U, managed to sell over 13.56 million units over its entire lifespan.
If Nintendo hits its newly-revised targets, which has also seen the firm increasing its forecast for the full-year from $6.59bn to $8.44bn, the firm could see the Nintendo Switch outsell its Wii U predecessor in a single year.
Nintendo's latest financial reports are in, with a few interesting tidbits shared throughout the documentation.
The single biggest reason Nintendo has been unable to produce enough Switches is the shortage of electronic components. Since the release of Switch in March, the stock price of the company has increased double-fold touching the nine-year high.
"We've boosted Switch production to meet strong demand as it was hard for customers to buy the consoles at retail stores." . He also said that the upcoming holiday season would test the true power of the Switch.
Victor or nominee of more than 150 "Game of the Year" awards, Rocket League is one of the most critically-acclaimed sports games of our generation.
Thanks to brisk Switch sales and the expectation of more mobile game offerings, gains in Nintendo shares have reached a whopping 75% so far this year. Last Friday saw the release of Super Mario Odyssey has been gaining phenomenal reviews in the gaming media and positive comments on social media.