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Nintendo Switch sales hit nearly 37 million, but company's profits are down

Nintendo cites exchange rates "and other factors" for its dip, but Super Mario Maker 2 sold a bunch of copies in just three days.

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Nintendo Switch sold 36.87 million units by the end of June.

Óscar Gutiérrez/CNET

Even though the Nintendo Switch hit 36.87 million units sold by the end of June, Nintendo on Tuesday reported a 10% decline in its quarterly profits. Despite revenue of 172 billion yen ($1.6 billion), the Japanese company said "foreign exchange losses of 12 billion yen and other factors" resulted in 16.6 billion yen profit for the quarter.

In the same quarter last year, Nintendo's operating profit was 30.5 billion yen, and its revenue was 168 billion yen, so its profit fell 45.7% year over year.

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However, strong Switch sales (2.1 million for the quarter) are bringing that device closer to the SNES, which sold 49.1 million in total, and Super Mario Maker 2 managed to sell 2.42 million copies in three days -- it came out June 28.

Nintendo's aiming to sell 18 million Switches for the year ending March 2020, with the cheaper Switch Lite revision coming out Sept. 20. It's no doubt hoping big releases like Marvel Ultimate Alliance 3, Fire Emblem: Three Houses and Pokemon Sword and Shield will bolster sales.

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