Nintendo lowers Switch sales forecast to 24 million units due to semiconductor shortage

Nintendo lowers Switch sales forecast to 24 million units due to semiconductor shortage

Nintendo has lowered its Switch sales forecast to 24 million units for the fiscal year ending March 31, 2022. That’s 1.50 million less than its previous forecast of 25.5 million. Nintendo also revealed an increase in its Switch software forecast by 10 million units to 200 million (previously 190 million) in the latest financial report.

Nintendo reduced its Switch sales forecast for the second half of the fiscal year because of the change in production plan due to the effects of the global semiconductor shortage. The shortage of semiconductor material has been an ongoing issue since the start of the pandemic, and the situation doesn’t appear to be getting better anytime soon.

On the other hand, software sales increased by 10 million units based on the sales performance of the first half. Keep in mind that the second half of the fiscal year will include sales from bigger titles, including the recently released Metroid Dread and Pokémon Brilliant Diamond and Shining Pearl.

Nintendo lowers Switch sales forecast to 24 million units due to semiconductor shortage

Nintendo also made adjustments to profits due to other factors, including exchange rate assumptions.

The Switch family of consoles is currently at 92.87 million units in its fifth year on the market. As of September 30, a total of 8.28 million units has sold so far in the first half of the current fiscal year. That means if the Nintendo Switch performs at the same level in the second half as it did in the first, it will still be on pace to hit 100 million units faster than Wii, as predicted by former Nintendo president Tatsumi Kimishima back in February 2017.

[Source]

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