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Nintendo is expected to have a larger share of the console market than Microsoft this year as the Switch continues to perform well.
Analysis from IHS Markit reveals that over $10 billion was spent globally on Xbox hardware, software and services in 2017, while spending on Nintendo products was around $8 billion. This is approximately double what the Japanese firm achieved in 2016, while Microsoft actually saw a slight year-on-year dip.
Nintendo's growth was predominantly driven by the launch of Switch, but also the release of the SNES Classic and continued sales of the 3DS.
Looking ahead, IHS Markit predicts spending on Nintendo products and services to be over $11 billion in 2018, while Microsoft is expected to dip to around $9 billion.
In fact, growth for Nintendo is expected detract from spending on both Xbox and PlayStation, especially as those two consoles enter the later stage of their lifecycle. However, PlayStation will almost certainly hold its position as market leader.
Spending on PlayStation products and services rose to well over $20 billion in 2017. While it is expected to dip slightly this year, it will still remain past that milestone.