Games: Nintendo sells over ten million consoles

games
Nintendo sells over ten million consoles

Nintendo is doing better than its console rivals due to the global chip shortage. In the past Christmas quarter, the Japanese video games specialist sold almost 10.7 million devices for its Switch console.

Despite the high demand, Sony only sold 3.9 million Playstation 5s during this period.

However, even Nintendo is not spared from the component bottlenecks. On Thursday, the group had to lower its sales forecast again for the fiscal year running until the end of March. Nintendo now expects to sell 23 million switch consoles – that would be a million less than expected three months ago. At that time, the forecast had already been cut by 1.5 million devices.

Better than Sony

However, Nintendo is also doing better than Sony, where the annual forecast was cut from 14.8 to 11.5 million Playstation 5 devices. The Switch is technically simpler than the new Playstation and Microsoft’s current Xbox consoles. But it is an important basis of the Nintendo business because the group can sell more games with more devices in the hands of users. Nintendo raised its forecast for software sales by 20 million to 220 million games by the end of the fiscal year.

After the Christmas quarter, the switch also overtook the former bestseller Wii with a total of 103.5 million devices sold.

Thanks to favorable yen exchange rates, Nintendo has raised its business forecasts for the year that is coming to an end and is now expecting 1.65 trillion yen (around 12.7 billion euros) in sales and 400 billion yen (a good 3 billion euros) in profit. In the first nine months of the fiscal year, revenue fell 6 percent to 1.3 trillion yen and profit fell 2.5 percent to 367 billion yen.

dpa