Nintendo Says Switch is Still in Middle of Its Lifecycle

gamerant.com:

In recent months, the climate of the video game industry has been shaken up by the announcement of a number of large-scale acquisitions. However, the Nintendo Switch handheld-console hybrid has been passing one milestone after another, and according to Nintendo, the console is far from done. The company has stated that the Nintendo Switch is still in the middle of its lifecycle, which has some significant implications for the approach Nintendo is taking to the changing industry.

A massive shortage of chips, semiconductors, and other console materials during the pandemic has led to Sony producing more PS4s to make up for the lack of PS5s. Nintendo has also been affected, but the company has apparently chosen to cut Switch sales outlook again for this quarter.

Mario Kart 9 Rumored for Nintendo Direct Reveal

The company now expects to sell a total of 23 million Switch units in the fiscal year ending in March, which will be a step down from the previous 24 million. Nintendo has reportedly sold 18.95 million consoles over the last nine months, a number that, while impressive, is a 21% drop from the same period in the previous year. Despite this, unit sales of the Nintendo Switch have surpassed the Nintendo Wii, a fact that pushes the Switch into the list of top five best-selling video game consoles. President Shuntaro Furukawa has confirmed that the Switch is still in the middle of its lifecycle before stating that the momentum going into this year is good.

The OLED model of the Switch has been quite hard to find in stores, which suggests that Nintendo's sales could have been higher if the supply was larger. It appears that many video game companies are having difficulty getting their consoles onto retail shelves. However, strong