As you know, many industries such as Hi-Tech, video games or automobiles have had to contend with an unprecedented shortage of electronic components for two years. While Microsoft and Sony were hit hard by this crisis, as evidenced by the limited stocks of PS5 and Xbox Series X, that wasn’t really the case for Nintendo. BigN managed to maintain a high production level for its flagship console, Nintendo Switch.
In March 2022, Nintendo Switch sold 103 million copies, surpassing the Wii and PS1. However, despite this performance, the Japanese company announced that it would be more difficult to find a Switch in 2022, it was the fault of the lack of semiconductors that made the production of the machine difficult. The manufacturer also revised downward its sales targets for the fiscal year ending March 2022. (25 to 23 million copies sold).
Switch sales will continue to decline in 2022
However, Nintendo was convinced Sales will continue to decline in 2022, still because of the difficulties mentioned earlier. In fact, BigN has once again returned to its downward sales targets for the next fiscal year ending in March 2023. Nintendo hopes to sell 21 million consoles.
In addition, the company also has an expectation. overall decline in net sales and net profit during the next financial year. In 2022, the company recorded staggering net sales of 1695 billion yen, or 12.3 billion euros. Operating profit was 592 billion yen or 4.3 billion euro. for 2023, net sales could fall to 1.6 trillion yen (11 billion euros) net profit will fall to around 500 billion yen (3.6 billion euros). It should be noted that Nintendo also deprived itself of an important market by stopping selling its products in Russia. An important piece of data that inevitably plays a role in BigN’s new predictions.
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