Nintendo says it'll sell 20M Switch consoles in the next year

The new boss of Nintendo is Shuntaro Furukawa and the handover will take place on June 26. While he spent much of his tenure at the company's accounting office, rising to head Nintendo's corporate planning division in 2015, Mr Furukawa has also contributed to software development and was involved in the making of the Switch. With console-quality titles from studios like Bethesda including Elder Scrolls V: Skyrim and the forthcoming Wolfenstein II, the Switch has made the dream of taking gaming titles like these mobile a reality.

The company said it was appointing Furukawa to replace Kimishima, who is retiring.

At 46, Furukawa is comparatively young to be the president of a Japanese corporation, but Iwata was in his early forties when he took the role.

In 2012, he became Outside Director for The Pokemon Company (which Nintendo has a stake in but does not own). Furukawa served already on the board of Nintendo. Nintendo front-loaded the Switch's life cycle with smash hits like "The Legend of Zelda: Breath of the Wild" and "Super Mario Odyssey", alongside steady successes like "Mario Kart 8 Deluxe" and "Splatoon 2". The 15.1 million figure just edges past its most recent prediction, which was 15 million. However, games for Switch are still very popular.

Things are equally impressive on the software side of things, where the company revealed that there have been 68.97 million units sold so far. "I will balance Nintendo's traditions: originality and flexibility". At the same time, we have the SNES Classic Edition, which achieved 5.28 million sales in the last 12 months. Lifetime sales of the game now stand at 10.41 million units. If achieved, it would be Nintendo's highest profit since the year ended March 2010. For the full fiscal year through next March, profit will climb to 225 billion yen, according to Nintendo's outlook. "Looking ahead, we plan to leverage this momentum to reach an even broader range of consumers and expand the installed base of the hardware".