Credit Suisse lifts Nintendo rating to "outperform", predicts 130 million units by 2022

- Credit Suisse has upgraded Nintendo to outperform from neutral
- Credit Suisse now forecasts Nintendo to sell 130 million Switch consoles through to 2022, up from 70 million,

Credit Suisse analyst Keiichi Yoneshima...

As Nintendo’s Switch is a unique game platform for use as either a console or handheld, there was initially some uncertainty over whether its sales cycle would more closely resemble that of a console or handheld. Although the Switch is currently categorized as more of a console, we expect it to sell like a handheld. Many users are in fact using the Switch as a portable according to a Famitsu survey of users. We previously projected a sales peak at about three years after launch (i.e., in FY3/19) on the assumption of a console-like sales cycle. Now that the Switch looks more likely to sell like a handheld, we update our sales forecast to reflect a longer sales cycle. We now expect the Switch to achieve peak sales about five years after launch (i.e., around FY3/20–21) like a typical handheld game device. We also raise our peak-year sales forecast from 25mn to 31mn units.

from GoNintendo