Nintendo squeaks past Switch’s sales target but forecasts another drop

Nintendo shipped 4.11 million Switch consoles in its January-March quarter, for a total of 23.06 million for the fiscal year, just enough to meet its revised 23 million forecast. The company originally forecast 25.5 million units for the year, then 24 million before hitting its final guidance three months ago. The figure represents a 20 percent drop from last year’s figure of 28.83 million consoles shipped, with Nintendo citing shortages of semiconductors and other components.

Nintendo has shipped a total of 107.65 million Switch consoles since its launch in March 2017. It’s the company’s most successful home console, recently overtaking the Wii, but if you look at it as a handheld system, it still has some way to go to catch up with the Nintendo DS at 154.02 million units, or the Game Boy at 118, 69 million.

As for the software, Pokémon Legends: Arceus made a strong debut last quarter with 12.64 million units shipped. For comparison the previous quarter Pokemon remakes Brilliant diamond and Luminous Pearl debuted with 13.97 million units and has now shipped a total of 14.65 million, so Arcus is essentially in line with traditional perform Pokemon games.

Nintendo’s guidance for the current fiscal year, which began April 1, is to ship 21 million Switch consoles, suggesting sales for the system may have peaked. The company’s revenue and operating income are also expected to decline by 5.6 percent and 15.6 percent, respectively.

The first-party release schedule for the year includes upcoming Switch games like turn 3, Xenoblade Chronicles 3and Pokemon scarlet and violet. The highly anticipated sequel to The Legend of Zelda: Breath of the Wild is set for a Spring 2023 release date, which may or may not fall in the current fiscal year ending March 31. Nintendo squeaks past Switch’s sales target but forecasts another drop

Fry Electronics Team

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