On Wednesday, Nintendo Co., Ltd. (OTC: NTDOY) announced its financial results for the three-month period ended June 2017, with both earnings and revenues beating analysts’ estimates.
According to the company, revenue for the financial first quarter was 154.07 billion yen ($1.37 billion), beating expectations of 136.53 billion yen. Operating profit was 16.21 billion yen, also surpassing previous estimates of 9.52 billion yen. The satisfying results was motivated by the strong performance from new Switch console and new Mario and Zelda games.
In the June quarter, the company sold 1.97 million units of its hybrid Switch consoles and 8.14 million games, which was lower than the amount in the previous quarter, 2.74 million. In total, Nintendo sold Switch consoles of 4.71 million, and kept its target of sell 10 million in this financial year.
In addition, revenue of Nintendo’s mobile app was up 450% from the same period last year to 9 billion yen. The company’s digital sales increased 41% to 11 billion yen. 3DS game sales was down 31% from the same period last year, but hardware sales rose 1% year-over-year.
The company also reported that Mario Kart 8 Deluxe has sold 3.54 million units around the world, ARMS has sold 1.18 million, and Breath of the Wild on Switch has sold 3.92 million.