The news of the Switch's strong sales also came with the announcement of a major shift for Nintendo: A new company president in Shintaro Furukama, who was named this week as the replacement for outgoing president Tatsumi Kimishima. It is interesting to note that he has also been a board member and former head of Pokémon Company since 2012. He most recently held the titles of Managing Executive Officer, Supervisor of Corporate Analysis & Administration Division, and Director of Nintendo, since 2016.
Furukawa is now a board member for both Nintendo and The Pokemon Company.
Facebook revenue up 50 percent in first-quarter earnings
The ICO has been running a full investigation into Facebook and its data misuse around political advertising. Facebook's number of daily users has gone up to 1.45 billion, which is 13% higher than the previous year.
Nintendo projected further improvements during the ongoing year to March 2019, forecasting annual net profit would improve 18.2 percent to 165 billion yen and operating profit would reach 225 billion yen, a 26.7 percent rise. The Mario brand continues to sell like hot cakes, which is apparent considering that they have two Mario-themed games sitting near the 10-million-units-sold mark. Splatoon 2 shipped 6.02 million copies during the fiscal year. This isn't near the 7.23 the Switch sold in its first three months on store shelves, but does push the system's total units up to an impressive 17.19 million.
As for Nintendo's retro efforts, the SNES Mini sold over 5 million units, and even amiibo are selling raising past the 10 million mark. Compared to the previous year when the Wii U wasn't selling, that's a 505 percent increase. We do know that the younger designers and leaders within Nintendo led the charge in the Switch's development and execution, which is the primary reason Nintendo forged its new partnership with Nvidia.