Nintendo cuts Switch sales forecast due to global chip shortage

Nintendo had a relatively quiet quarter for Switch sales, with 3.83 million units shipped between July and September. That’s a big drop on the same period last year, when the company moved 6.86 million units. Nintendo has now sold 92.87 million Switch consoles to date. Nintendo says “the extended impact of both COVID-19 and the global semiconductor shortage creates a state of continued uncertainty” and is revising its Switch sales forecast for the financial year down by 1.5 million units. The company had previously expected to sell 25.5 million consoles between April 2021 and March 2022, but has now set the figure at 24 million. However, Nintendo isn’t altering its expectations for revenue, and actually expects operating profit to be four per cent higher than previously predicted. The modified forecast takes into account revisions in exchange rates as well as higher projected software sales. To put the Switch’s performance in context, it could well overtake the Wii in lifetime sales this current holiday quarter. The Wii is Nintendo’s most popular home console of all time and sold 101.63 million units in total; Nintendo sold 11.57 million Switch units between October and December last year.