Nintendo president Tatsumi Kimishima stepping down, Shuntaro Furukawa taking his place

Nintendo Switch

Nintendo also detailed sales figures for the Switch's best selling software titles, and cumulatively software on the system has sold over 68.97 million copies.

Nintendo is aiming to sell 20 million Switch consoles in the financial year started April, confirming its previous forecast made in January. Nintendo generated 178 billion yen ($1.62 billion) in operating profit for the year.

Nintendo announced during a financial earnings report meeting on Thursday that its Switch console has now sold 17.79 million units worldwide as of March 31. The Nintendo Switch, which can be used as a portable gaming machine or docked to a TV, is the Kyoto-based company's biggest bet in years. On June 28, 2018, Kimishima will step down, and the 46 year-old Shuntaro Furukawa will become the new President of Nintendo. Still, that isn't to say that Breath of the Wild hasn't been a smashing success for Nintendo, claiming 8.48 million units sold for itself. He stepped up as Nintendo's fifth President in the wake of Satoru Iwata's tragic early death, being the shortest-serving CEO in the company's 128-year history. 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.

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"Furukawa comes across as thoughtful, very knowledgeable and quite well informed", said Atul Goyal, an analyst at Jefferies Group. "He may be the ideal person to fill the communication gap that exists between Nintendo and investors".

Games for Switch are still popular despite slower sales. Kimishima-san oversaw the reveal and subsequent launch of the Switch, putting the company back on the right track after the Wii U failed to catch on.

Nintendo's released its first full financials after the Switch's release in March a year ago, and the system has done unbelievably well. The revenue increased 116 percent to 1.06 trillion yen ($9.66 billion). It is interesting to note that he has also been a board member and former head of Pokémon Company since 2012.

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