Nintendo sold 23.06 million Switch units in the fiscal year that ended in March, less than the previous year. The gaming giant originally thought it would sell 25.5 million units this fiscal year, but it lowered that to 24 million because of the continued global chip shortage. The company has lowered its forecast for the next fiscal year because of supply chain issues.
Nintendo sales were boosted by the Pandemic in previous years, with people buying new consoles to get through the COVID lockdowns. The company sold 103.54 million units of the Switch in the third quarter, making it the best-selling home console of all time. Nintendo sold a total of over 100 million consoles.
Even though global lockdowns are not as regular, parts are harder and harder to get, so the company's forecast must reflect that reality. Analysts and industry executives had expected the chip shortage to persist throughout the year, but Intel chief Pat Gelsinger recently said that the issue could last until at least 2024.
Nintendo expects lower net sales and net profit in the next fiscal year. Net sales were 1,695 billion dollars and an operating profit was 592 billion dollars. Its net sales are expected to fall to around 1,600 billion Japanese dollars (US $12.3 billion) and its operating profit to fall to 500 billion Japanese dollars (US$ 3.8 billion) next year.
Nintendo has claimed the highest annual software sales for a single hardware family. It sold 39 million Switch games in the fiscal year that ended in June. The game sold over 12 million units so far. Kirby and the Forgotten Land sold 2.1 million units in just over two weeks, while Mario Kart 8 sold 9.94 million units.
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