Nintendo sees Switch sales sliding; hails ‘Super Mario’ movie success
Japan’s Nintendo Co Ltd (7974.T) on Tuesday said it sees a further slide in sales of its aging Switch console to 15 million units in the financial year to end-March 2024, a 17% annual drop that would mark a third consecutive year of decline.
The Kyoto-based gaming firm acknowledged the slowing demand for Switch, now in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup.
“It’s difficult for Switch hardware and software sales to maintain the same pace,” Nintendo President Shuntaro Furukawa told a press conference, adding that he still sees room for new users to come to the hybrid home/portable device.
With Switch sales slowing, investor attention is focused on a potential successor to the device, which has sold more than 125 million units.
“Based on the guidance, it is crystal clear the launch of a ‘Switch 2’ or entirely new piece of hardware can be ruled out this fiscal year,” said Serkan Toto, founder of the Kantan Games consultancy.
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