Nintendo expects 10% fewer Switch sales for fiscal year 2023 due to the ongoing supply chain issues and shortages according to Nikkei Asia. The sales forecast for fiscal year 2022 is 23 million units sold, which puts the current fiscal year’s forecast at around 20 million.
Production is still being affected by the current semiconductor shortage affecting all gaming hardware including PS5 and Xbox Series X|S. To compensate for fewer expected console sales, Nintendo plans to sell even more games. Analysts in Japan refer to the upcoming games lineup as an “all-time high” for the company.
Demand for the Switch is still high at the beginning of its fifth year available in the market. Upcoming games such as Xenoblade Chronicles 3, Splatoon 3 and Super Mario Strikers: Battle League will continue the console’s momentum worldwide. Additionally, Nintendo is seemingly planning to bolster Nintendo Switch Online with more classic consoles.
Nintendo will publish their earnings release for fiscal year 2022 on May 10th. The earnings release covers sales data from April 1st, 2021 to March 31st, 2022. President Shuntaro Furukawa will share insight into Nintendo’s plans for fiscal year 2023 soon. The current fiscal year (2023) ends on March 31st next year.
In the meantime, stay tuned at Final Weapon for the latest Japanese gaming news and updates!