Nintendo has revised its hardware forecast downward for the second time this year, citing sales of the Switch and its games that fell below expectations. For the first nine months of the current financial year, the company reported a 31.7% decline in sales from its dedicated game console business to 895.5 billion yen (approximately $5.7 billion).
Sales of mobile and IP-related income also decreased by 33.9% year-on-year to 49.7 billion yen (approximately $320 million), mainly due to tough comparisons with last year’s blockbuster The Super Mario Bros. Movie. As a result, the company’s gross profit declined by 27.3% year-on-year to 565.5 billion yen (approximately $3.6 billion).
Nintendo has revised its financial forecast for the year ending March 2025, expecting to sell even fewer Nintendo Switch hardware than previously predicted. The company now forecasts 11 million Switch units sold, down from a previous estimate of 12.5 million.
Despite this decline, the Switch remains an impressive success, with over 150 million units sold and likely to become the best-selling video game console of all time. New games like Super Mario Party Jamboree, The Legend of Zelda: Echoes of Wisdom, and Mario Kart 8 Deluxe have been performing well, with sales exceeding previous titles in their respective series.
The company’s latest financial report suggests that fans are still playing Switch, even after nearly eight years since its launch. With more people playing the console than ever before, Nintendo is likely to be keen on releasing the long-awaited Switch 2 later this year. However, no new information was provided about the release date or features of the upcoming successor.
Nintendo has announced that it will reveal more details about the Switch 2 in a Direct event scheduled for April 2, where it will also demonstrate hands-on experiences with the hardware.
Source: https://www.ign.com/articles/with-nintendo-switch-2-waiting-in-the-wings-sales-of-the-original-switch-and-its-games-continue-to-tumble