The Nintendo Switch is only four years old and it keeps exploding the counters. The console is now close to 85 million units sold worldwide, allowing the company to post a net profit of 3.6 billion euros for the fiscal year, an increase of 86% compared to the ‘Previous exercice.
The machine could well reach the top 3 of the best-selling consoles in history in the next few years behind the PlayStation 2, the DS and the Game Boy. Nintendo does not intend to rely on its achievements. The firm is at work on their new console and the budget devoted to it is already very high!
Over $ 700 million for the next Nintendo console
Finances have been excellent for Nintendo since the Switch was released. Each year, the firm generates more and more money, even breaking all records last year. Every year, part of the money earned is reinvested to set up new projects. We learn that for the current fiscal year (which will end in March 2022), Nintendo has allocated a budget of $ 750 million for its research and development department. This represents an increase of 10% compared to the previous one.
Unsurprisingly, shareholders asked Shuntarô Furukawa, the current CEO of Nintendo, how this money is distributed within the research and development department. The latter were entitled to a rather precise answer since Furukawa announces that the 750 million dollars will be used for the design of games, the development of new digital strategies and the production of a next-generation console.
A few weeks ago, Shuntarô Furukawa declared that the Switch was in the middle of its life cycle. The man had also announced that Nintendo absolutely had to develop new licenses to face the competition. Everything suggests that the firm is seriously preparing its future and that the objectives are high for Big N!
The firm is preparing a very big E3 for next month. Maybe we’ll get a chance to get a glimpse of Nintendo’s plans at that time!