Nintendo Switch sales have slowed down compared to expectations. According to data revealed by the Japanese company, the console has sold 146.04 million units to date, but in the last quarter, it recorded a -17% decrease.
Specifically, the progression was less rapid than imagined: Nintendo was aiming to sell 13.5 million units during the fiscal year but instead had to settle for 12.5 million.
This slowdown has led to a drop in profits and prompted the company to revise its total estimates from 1.35 trillion yen to 1.28 trillion, with operating profit falling to 360 billion yen from the 400 billion initially estimated. Compared to the same quarter last year, Nintendo saw a 69% drop in profits.
With the Nintendo Switch 2 practically ready and an official reveal likely to arrive in January, the company already has its post-Switch strategy ready, sparking excitement among shareholders.
The 31% drop in hardware sales clearly indicates that the time is ripe for a change and that the current model has exhausted its driving force, barring any price cuts, which are not typically part of the company’s strategy.
Nintendo's sales were down 31% for hardware and
27.6% for software this quarter.As a result, Nintendo revised their forecast down.
They now expect to sell 12.5m Switch units (down 1 million) and 160m units (down 5 million) of software. pic.twitter.com/qv4gbRseMv
— Stealth (@Stealth40k) November 5, 2024
