"The Nintendo Switch had a fantastic run but definitely passed its peak," Serkan Toto, CEO of Tokyo-based games consultancy Kantan Games, told CNBC. The company was twice forced to slash its forecast for Switch sales in the last fiscal year after a disappointing holiday season. Nintendo is contending with an aging console with the Switch, which has been on the market for six years, with fears from investors that its sales may have peaked. Nintendo said "shortages of semiconductors and other components impacted production until around the end of summer" and the company "did not experience the growth in sales mainly during the holiday season" that it saw in the previous year.įor the fiscal year ended March 2024, Nintendo forecast sales of 15 million units of the Switch. That compares to just over 23 million Switch units sold in the fiscal year ended Mar. The Japanese gaming giant sold 17.97 million units of its flagship Nintendo Switch console series, in line with its own forecast of 18 million units for the fiscal year. However, it was better than the company's own forecast of 370 billion yen. Nintendo reported 432.7 billion yen in net profit for the fiscal year, down more than 9% year-on-year. Personal Loans for 670 Credit Score or Lower
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