As part of its latest earnings announcement, Nintendo cut its Switch sales forecast because of ongoing component shortages.
Nintendo reported that it earned an operating profit of $1.86 billion on revenues of $6.73 billion for the six months ending September 30, 2021. During that time, the firm sold 8.28 million Switch consoles—6.45 million of the original version and 1.82 million of Switch Lite—bringing total lifetime sales to 92.9 million units. Nintendo announced a new version of Switch with an OLED display in July, but it didn’t ship until October and isn’t reflected in these numbers.
But Nintendo was forced to cut its forecast for Switch unit sales in the current six-month period, from 25.5 million to 24 million, blaming the global chip shortage and related logistics issues. “At this moment, I don’t see a sign of the component shortages recovering,” Nintendo president Shuntaro Furukawa said during a post-earnings conference call. He admitted that the firm might need to cut its sales predictions again if the situation continues or worsens.
As for software, the Switch is still going strong, with 9.39 million software units sold in the previous six-month period and 681 million overall. It expects to sell another 20 million software units in the current six-month period.
Tagged with Nintendo, Nintendo Switch