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Nintendo Switch Topped 100m Units Despite Chip Shortage

Nintendo’s revenue has been significantly hurt by Nintendo Switch production delays due to crucial chip shortage and shipping snarls.

Nintendo Switch Topped 100m Units Despite Chip Shortage

Nintendo announced that the Nintendo Switch gaming system sales had topped 100 million units as of the end of last year, a significant achievement for the gadget despite production delays caused by a global chip shortage.

The Nintendo Switch, which was released in March 2017, has been a worldwide success thanks to games like Animal Crossing: Mario Kart 8 Deluxe and New Horizons. The system has already outsold the Wii, which has sold around 102 million units since its introduction in 2006. Only a few home consoles, notably several from Sony’s PlayStation series, have sold over 100 million units.

Nintendo’s revenue has been significantly hurt by Switch production delays triggered by a shortage of crucial components and shipping snarls throughout the current fiscal year, which continues through March. This happened to an OLED display unit that was launched in October. Furthermore, as pandemic-related limitations ease all over the globe, software sales have slowed, raising worries about whether demand for Switch has peaked.

Nintendo says it expects to sell 23 million Switches this fiscal year, down from a previous estimate of 24 million. That figure has already been reduced from November’s 25.5 million units. Nintendo, on the other hand, raised its full-year earnings forecast to reflect the dropping yen against the dollar and euro.

The company increased its revenue and net profit forecasts by 50 billion yen ($436 million), respectively, to 1.65 trillion and 400 billion yen. It also increased its dividend projections. From April to December, net profit declined 2.5% to 367 billion yen ($3.2 billion), compared to the same time the previous year. During the nine-month period, revenue declined 6% to 1.32 trillion yen.

Nintendo sold around 19 million Switch units last year, down from 24 million the year before. Thanks to high sales of games like Pokemon Shining Pearl and Pokemon Brilliant Diamond, software sales increased by 2% to 179 million units. Last year, Nintendo President Shuntaro Furukawa emphasised that the Switch is just getting to the midpoint of its life cycle as a game platform, and expressed excitement about the portfolio of upcoming games. Pokemon Legends: Arceus was released last week, and Splatoon 3 will be rolled out soon

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