Nintendo forecasts Switch console unit sales of 18 million this year

Smaller, cheaper Nintendo Switch might surface in June

Secondly, Nintendo's console is also very close to passing the lifetime sales of its rival, the PS4.

During the fiscal year ended March 31, Nintendo moved 16.95 million Switch consoles. The company had 23 million-selling Switch titles across the entire year, with flagship releases like Super Smash Bros.

As for the other rumored Switch model, Bloomberg's sources say that a more powerful Switch is not in the works, but that the standard Switch will receive "a modest upgrade" before the end of the year.

The company also sold 5.95 million units of the Nintendo Entertainment System: NES Classic Edition and Super Nintendo Entertainment System: Super NES Classic Edition.

In terms of hardware, there wasn't a huge budge from the January report, as the Switch went from 32.27 million units sold to 34.74, but that does mean it's finally surpassed the Nintendo 64's 32.93 million units.

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3DS hardware sales, meanwhile, decreased by 60.2 percent year-on-year to 2.55 million units, although it's worth remembering the handheld is eight years old at this point.

Nintendo has released its Q4 and fiscal year 2018 results, with updated Switch sales figures and new entries in the list of best-selling Switch games.

It expects operating profit to rise 4.1 percent to 260 billion yen ($2.3 billion) this year, well below an average analyst estimate of 342 billion yen, according to Refinitiv data.

On the mobile front, IP related income was 46.0 billion yen, a 17.0% increase year-over-year. That's not quite the 20 million unit goal that the company set for itself, but it's impressive nonetheless.

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