Switch hits 114m as Nintendo lowers sales forecast
Nintendo Switch hardware sales have hit 114.3 million as of September 30, up from 111 million, though the company expects to sell fewer consoles this fiscal year.
In its results for the first 6 months of the current fiscal year, the Japanese company said its net sales were up 5% at 656.9 billion yen and net profit up 34% at 230.4 billion yen.
During the three-month period ended September 30, Splatoon 3 sold a huge 7.9 million units, which is Nintendo‘s fastest Switch launch ever. This was followed by Nintendo Switch Sports at 6.15 million, Mario Kart 8 Deluxe at 3.07 million and Kirby and the Forgotten Land at 2.61 million.
However, the company reduced its Switch sales forecast for the year ending March 2023 by 2 million units, down from 21 million to 19 million.
The company said that while it sees gradual improvement in semiconductor and other component supplies, “taking into consideration production and sales performances thus far, we have modified the Nintendo Switch hardware sales units forecast for the fiscal year.”
Despite this, the company revised up its net sales (+3.1%) and net profit (17.1%) forecast for the year, partly citing a weaker yen as the reason.
Nintendo said it sold 19.2% fewer Switch consoles during the first six months of its current fiscal year compared to the same period a year before, which it said was due to factors including the semiconductor shortage.
“It is strange that Nintendo cut its forecast of Switch shipments by 10% even though there is a broad consensus the chip shortage is easing,” Tokyo-based industry analyst Serkan Toto told Bloomberg. “I expect the next quarter to be another home run for Nintendo, largely thanks to the release of the new Pokemon title next week.”
Earlier this year Switch
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