Switch On Pace For Its Worst Sales Year But Is "Stable" For A Console So Old
Nintendo has announced that Switch hardware and software sales were "below expectations" for the first nine months of its latest fiscal year (April-December 2024) and is also now expecting to sell fewer Switch consoles and games than it previously forecast.
Whereas Nintendo initially announced it was expecting to sell 12.5 million Switch consoles for the fiscal year ending March 31, 2025, it now expects sales to reach 11 million. Additionally, Nintendo originally modeled 160 million game sales for the fiscal year but is now expecting 10 million fewer, or 150 million.
Despite the lower-than-expected results for the latest period, Nintendo said the Switch "continues to be enjoyed by many people." Nintendo management said Switch sales have been "stable" for a platform in its eighth year, noting that the Switch Lite: Hyrule Edition, which was released during the holiday, showed "steady growth." Nintendo management also reminded people that Nintendo released multiple Switch OLED special edition systems in Holiday 2023, so Holiday 2024 was always going to be a tough comparison.
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