Nintendo Switch overtakes N64 in lifetime sales

We may have to make do with regular Nintendo Switch for a bit longer.

Yet another source claims that Nintendo will launch a cheaper Switch model this summer. While Nintendo generally isn't part of that group, last November they didn't provide Switch Online numbers and continued to avoid the question: until today.

Japanese video game maker Nintendo Co. reported Thursday a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.

Nintendo's lastest financial earnings results are now out, giving us a look at the company's hardware and software sales for the past fiscal year.

It expects to ship 18 million Switch devices the current year through March 2020, up from 17 million for the year just ended.

With this latest report, the Switch has now officially outsold the Nintendo 64, at 32.93M units.

Total software sales have also been excellent. To be clear, any new Switch model would be separate from the existing Switch.

A new, cheaper version of the Switch will be released by the end of June, according to one "person familiar with the matter" cited in a recent Bloomberg report.

Furukawa said at a news conference that while the company is always developing new hardware internally it has nothing to announce and had no plans to reveal new hardware at the E3 trade show in June. The significant improvement in mobile power consumption and performance has fueled speculation - including our own - that the company might break from its previous approach this time around.

The industry is facing a shake-up with established console gaming companies like Nintendo and Sony Corp exposed to competition from new entrants like Alphabet Inc's Google offering browser-based games streaming services.