Nintendo names new CEO after Switch success

The big upcoming game for Nintendo in 2018 is

Nintendo's Switch Puts Profits Back on Course to Wii-Era Levels

The company increased its dividend to JPY 590 per share from JPY 430 past year and projected a further increase to JPY 690 in fiscal 2019.

Sales for the console are up to 17.79 million as of March 31, according to the company's latest earnings report. The Switch can be played anywhere, for any amount of time, making it great for those who want to fit a little bit of gaming into their lives.

Taking his place will be Shuntaro Furukawa, who's a good 22 years younger than Kimishima.

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At just 46 years old, Furukawa is a notably young leader for Nintendo.

Nintendo's official listing of its executive officers still has Kimishima as the current standing president. Furukawa is now the outside director of The Pokémon Company, general manager of the Corporate Planning Department and is in charge of the Global Marketing Department, among several other positions. On top of that, Nintendo's forecasts for sales during the financial year were 10 million units, meaning they outsold their estimate by around 50%. Nintendo has also sold 68.97 million software units for the Switch.

Koizumi-san was one of the key minds behind the Nintendo Switch, while Tezuka-san was in charge of modernizing the company's flagship Super Mario franchise.

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Outside of the Nintendo Switch, the Nintendo 3DS is still doing well for itself with a total of 6.4 million consoles sold, and Pokémon Ultra Sun & Ultra Moon selling 7.51 million.

Nintendo has appointed a new president. Another bright spot for Nintendo was the SNES Classic Edition, which Nintendo said "proved to be a hit in every region". It's now sold just shy of 18 million. He will become Nintendo's sixth president in its 128 years of operation. That raises the stakes for products like Nintendo Labo, which the company sees as key to broadening the Switch appeal beyond initial adopters. "Looking ahead, we plan to leverage this momentum to reach an even broader range of consumers and expand the installed base of the hardware".

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