Nintendo Q1 Switch sales decreased 22% to 3.43 million units

Nintendo Co Ltd (TYO:7974) sold 22% fewer Switch devices in the April-June quarter than in the same time last year. The company still expects to sell 21 million consoles in the year through March 31, 2023.

Nintendo Co Ltd (TYO:7974) said on Wednesday that it sold 22 percent less Switch (NYSE:SWCH) consoles in the April-June quarter compared to the same period last year, while keeping its prediction to sell 21 million units in the year through March 31, 2023.

The game business based in Kyoto sold 3.43 million consoles during the quarter, down from 4.45 million a year earlier. Last year, it sold 23,06 million units.

In its sixth year on the market, the company behind “Super Mario” anticipates a second yearly sales fall for its hybrid home/portable Switch system.

In October 2017, Nintendo released a Switch variant with an OLED display in an effort to revive interest in the aging console.

The president of Nintendo, Shuntaro Furukawa, cited continued component shortages in May, indicating that console manufacturers have been experiencing supply chain disruption.

The operational profit for the first quarter decreased 15 percent to 101,6 billion yen ($763 million), which was below expert projections.

Investors are searching for indications of a slowdown in the gaming boom among customers who were housebound during the COVID-19 outbreak.

Sony (NYSE:SONY) Group Corp revealed last week a 15 percent decline in PlayStation user interaction compared to the same period one year prior.

September’s “Splatoon 3” and November’s “Pok√©mon Scarlet and Violet” are upcoming Nintendo titles that will sustain demand during the crucial holiday shopping season.

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