The Nintendo Switch has been a pretty big hit since it hit shelves worldwide back in March. The console has been performing so well that Nintendo has had a hard time assembling new units, let alone keeping them in stock.
With E3 currently underway, the system’s success has been acknowledged not only by Nintendo itself, but many journalists, gamers and even executives from competing platforms, like Microsoft’s Phil Spencer who said that the system has “great momentum”. The last Nintendo home system to achieve such high levels of success was the Wii, which released almost 11 years ago. It’s the best-selling Nintendo home system to date with over 100 million units sold worldwide. The Wii is also the fifth highest-selling gaming platform of all time.
Since the Switch is doing so well thus far, is it appropriate to conclude that it has the potential to match or even outpace the Wii? Well, this analyst thinks so.
Atul Goyal is an analyst from Jeffries. When it comes to the Switch’s sales performance, not only does he believe that the console is doing extremely well, but he also believes that the Switch has what it takes to outshine the Wii. Here’s what he had to say:
“Switch has turned out to be a stealth hit and is positioned to drive Wii-type [the company’s last successful console] software sales and profits cycle. Switch’s appeal to core-gamers (vs. Wii to casual gamers) is likely to drive higher attach-rate and higher earnings than Wii-era.”
Seeing that the Switch is only a little over three months old at this point, it’s still a bit early to conclude how well it will do throughout its expected five-year lifecycle. Even so, if Nintendo can keep up the current level of momentum, there’s a good chance that it will end up being a smash hit.