Nintendo predicts Switch sales will continue to slow this year
23.06 million Switch units overall for the fiscal year ending in March 2022, over 5 million units fewer than its previous year. The gaming giant originally thought it was going to sell 25.5 million units this fiscal year, but itto 24 million because the continued global chip shortage has made it difficult to procure components.
Nintendo's sales were buoyed by the pandemic in previous years, with people purchasing new gaming consoles to get them through the COVID lockdowns. The Switch even became the company'sever after total sales eclipsed 103.54 million units in the third quarter. Nintendo noted in today's financial release that it has now sold a total of 107.65 million consoles.
Even though global lockdowns aren't as regular, parts continue to be harder and harder to get, so the company's forecast must also reflect that reality. Analysts and industry execs previously expected the chip shortage to persist throughout 2023, but Intel chief Pat Gelsinger recently said that the issue could drag onNintendo also expects lower net sales and net profit overall in its next fiscal year.
Despite the lower hardware sales, Nintendo has claimed the highest annual software sales for a single hardware family. It sold 39 million Switch games in its 2022 fiscal year, led by
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