Nintendo Expects to Sell 15 Million Switch Consoles in 2023, Says Super Mario Movie Outperformed Expectations


Nintendo 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 percent 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.

The robust appeal of Nintendo’s roster of characters has been underscored in recent weeks by the box office success of The Super Mario Bros. Movie, which is helping the company diversify beyond its core console business.

The movie has outperformed expectations, Furukawa said.

On Friday Nintendo launches The Legend of Zelda: Tears of the Kingdom, one of the most widely anticipated games of the year. Orders for the game are progressing well, Furukawa said.

Meanwhile Nintendo said operating profit fell 15 percent year-on-year to 504.38 billion yen ($3.73 billion) in the year ended March. The company forecast profit will fall 11 percent to 450 billion yen for the current financial year.

© Thomson Reuters 2023

OnePlus recently launched its first tablet in India, the OnePlus Pad, which is only sold in a Halo Green colour option. With this tablet, OnePlus has stepped into a new territory that’s dominated by Apple’s iPad. We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Affiliate links may be automatically generated – see our ethics statement for details.

Articles You May Like

Samsung Galaxy F15 5G Airtel Edition Reportedly Listed Online; Price, Specifications Leak
Apple Vision Pro Sale Begins in China, Japan and Other Markets on June 28: Price, Availability
Samsung Galaxy S24 FE Spotted on Geekbench With Exynos 2400 Chipset
Samsung Reportedly Hires Former Apple Head of Siri AI to Run Its North America AI Division
Oracle stock pops 10% on AI demand, new deals with Google and OpenAI