Nintendo says it won't reveal cheaper Switch at E3

A more budget-friendly version of the Switch - which now retails at $299 and is hardly ever on sale in the USA - could help Nintendo ship more units.

Finally, there's the slide below, which doesn't really tell us anything new but it really sets up how packed the 2019 Fiscal Year is shaping up to be. Nintendo's expectations to ship 18 million more consoles this year, also was below analyst expectations.

"Nintendo is also shifting away from measuring its success via the "tie ratio", which is calculated by dividing the number of software units sold by the number of hardware units sold". We still don't know what will make this particular Switch model different from the original model, but earlier reports have claimed Nintendo is making a new Switch with a smaller display.

Nintendo's push into mobile is yet to deliver a major hit, although analysts point to Mario Kart Tour, developed with DeNA and due for release this summer, as a possible contender. Nintendo's overall operating profit for the year was $2.2B, up from 1.6B last year.

Nintendo announced lifetime sales of 34.74M Switches for the fiscal year ended March 31, with 16.95M of those units sold in the past 12 months.

Media reports that Nintendo is preparing a low-priced version of the Switch have helped push its shares higher in recent weeks.

The Switch games pipeline continues to create fan excitement, with two full Pokemon titles due later this year.

All that said, Furukawa's comments aren't a surprise.

Nintendo's shares closed up 1.3 percent ahead of the earnings announcement. Put differently, Nintendo's yearly sales figures for the 3DS, NES, and SNES are an appreciable percentage of Microsoft's yearly Xbox One sales, which... ow.

  • Kara Saunders