Media reports that Nintendo is preparing a low-priced version of the Switch have helped push its shares higher in recent weeks. The next target is the SNES, at 49.1M systems, which the Switch should handily outpace this year.
In comparison, the N64 sold 32.93 million worldwide and the poor Wii U only managed 13.56 million sales during its short lifespan.
"Whether it would reach its targets became a big theme previous year so Nintendo has released figures it can be confident of hitting", said analyst Hideki Yasuda at Ace Securities.
Total software sales have also been excellent.
Nintendo sold 16.95 million Switch hardware units in the year just ended, slightly undershooting its revised forecast of 17 million units.
This means Nintendo is raking in the cash, some $2.2bn in operating profit.
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Nintendo CEO Shuntaro Furukawa shot down rumors that Nintendo would demo a new Switch model at E3 this year. 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.
Hope you like the hardware, because it doesn't seem to be going anywhere.
The Wall Street Journal reported earlier this year that two new models were planned, before Japan's Nikkei newspaper reported that a new and more portable-focused Switch model is slated for release later in the year. Bloomberg also noted that its sources claimed that Nintendo does not have any plans to release a more "powerful" version of the console.
When compared to Nintendo's most successful home consoles of all time, Switch still has a long way to go.
This much has been confirmed during a recent Nintendo earnings event, with Furukawa saying that there was nothing to announce in regards to possible new hardware for the Switch. However, the specs won't match PS4 Pro or Xbox One X, the report said. This might be seen as a better strategy for keeping consumer interest high during its rivals' launch season.