Nao Imoto smiles as she poses with her Nintendo Switch game console after buying it at an electronics store in Tokyo, Japan March 3, 2017.  REUTERS/Toru Hanai - RC1A26499830

Nintendo pushed the entire video game industry to a seven-year high

$41 billion

The Nintendo Switch led a blockbuster year for the video-game industry, which netted $41 billion in hardware and software sales in 2017.

Published   |  Photo by Reuters/Toru Hanai
Nao Imoto smiles as she poses with her Nintendo Switch game console after buying it at an electronics store in Tokyo, Japan March 3, 2017.  REUTERS/Toru Hanai - RC1A26499830
$41 billion

Nintendo already had a strong boost in 2017 with Pokémon Go, but the Switch put the Japanese developer on a rocket ship, selling roughly 15 million units so far.

Nao Imoto smiles as she poses with her Nintendo Switch game console after buying it at an electronics store in Tokyo, Japan March 3, 2017.  REUTERS/Toru Hanai - RC1A26499830
$41 billion

Nintendo’s stock is up 200% since mid-July. The industry’s rising tides have also lifted sales for Sony and Microsoft.

Nao Imoto smiles as she poses with her Nintendo Switch game console after buying it at an electronics store in Tokyo, Japan March 3, 2017.  REUTERS/Toru Hanai - RC1A26499830
$41 billion

Console sales shot up 33%, with the more expensive Sony PlayStation 4 Pro and Microsoft Xbox One performing quite well.

Nao Imoto smiles as she poses with her Nintendo Switch game console after buying it at an electronics store in Tokyo, Japan March 3, 2017.  REUTERS/Toru Hanai - RC1A26499830
$41 billion

For Nintendo, it’s an incredible turnaround. Once considered a distant third-place contender, the company’s market share jumped from 9% to 22% in 2017.

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