• Home
  • News
  • Business
  • Gear
  • Reviews
  • Games
  • Science
  • Security
Reading: Sales of Nintendo’s Switch dip as chip shortage continues to bite
Share
Ad image
Technology MagazineTechnology Magazine
Aa
  • News
  • Business
  • Gear
  • Reviews
  • Games
  • Science
  • Security
Search
  • Home
  • News
  • Business
  • Gear
  • Reviews
  • Games
  • Science
  • Security
Have an existing account? Sign In
Follow US
Technology Magazine > News > Sales of Nintendo’s Switch dip as chip shortage continues to bite
News

Sales of Nintendo’s Switch dip as chip shortage continues to bite

Press room
Press room Published August 3, 2022
Last updated: 2022/08/03 at 8:47 AM
Share
SHARE

Nintendo continues to struggle to hit its Switch production targets as a result of the global chip shortage, which contributed to a near 23 percent decline in console sales to 3.43 million in the three months ending June 30th, the company reported today.

Sales of the standard Nintendo Switch were down 60 percent to 1.32 million units in the quarter, while sales of the Switch Lite were down nearly 50 percent to 0.59 million. The Switch OLED, which only went on sale last October, made up some of the shortfall with 1.52 million units sold. Software sales were also down by 8.6 percent to a little under 41.5 million units. The company still expects to sell 21 million consoles throughout the course of its year ending March 2023.

“Production was impacted by factors such as the global shortage of semiconductor components, resulting in a decrease in hardware shipments and subsequent decline in overall sales,” Nintendo said in its earnings release. It said it expects chip procurement to “gradually improve from late summer towards autumn.”

Console sales were down overall compared to last year.
Image: Nintendo

The quarter coincided with a quieter period for game releases. Nintendo Switch Sports was its best seller with 4.84 million units, followed by Mario Strikers: Battle League and Kirby and the Forgotten Land with 1.91 and 1.88 million respectively. Mario Kart 8 Deluxe, a game that was released over five years ago in April 2017, sold 1.48 million units in the quarter. Nintendo has now sold over 111 million Switch consoles in total, and says that “demand remains stable” globally despite the age of the machine.

Bloomberg reports that these results contributed to Nintendo’s earnings falling short of analyst estimates. Operating profit sat at 101.7 billion yen (around $764 million), short of the 115.2 billion yen ($865 million) expected, while sales were at 307.5 billion yen (around $2.3 billion), compared to average estimates of 332.1 billion yen (around $2.5 billion).

Nintendo isn’t alone in seeing its sales falter this quarter. Sony reported last week that it has seen software sales plummet by 26 percent and revised its annual profit forecast down 16 percent. And that’s from a company which released a brand new console less than two years ago, compared to Nintendo’s five-and-a-half-year-old Switch. Market research firm NPD reported this week that US spending on video games fell 13 percent year over year in Q2 2022.

Press room August 3, 2022
Share this Article
Facebook TwitterEmail Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

News

Microsoft says it has stopped its Xbox Game Pass $1 trial offer

2 Min Read
News

Apple staff reportedly express doubts about mixed-reality headset months ahead of launch

2 Min Read
News

The Wii U and Nintendo 3DS eShops shut down tomorrow

2 Min Read
News

Elon Musk reportedly halves Twitter’s valuation in internal memo

1 Min Read
  • Review
  • Top Lists
  • Contact
  • Privacy Policy
  • Terms of use

We influence 20 million users and is the number one business and technology news network on the planet.

I have read and agree to the terms & conditions

Contact US

  • Contact Us
  • DMCA
  • Editorial Policy
  • Advertise

Quick Link

  • Gear
  • Games
  • Security
  • Reviews

© 2022 Technology Magazine. All Rights Reserved.

Follow US on Socials

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?