{"id":133604,"date":"2023-05-09T09:50:00","date_gmt":"2023-05-09T09:50:00","guid":{"rendered":"https:\/\/www.nintendolife.com\/#article-149101"},"modified":"2023-05-09T09:50:00","modified_gmt":"2023-05-09T09:50:00","slug":"as-switch-momentum-slows-nintendo-expects-further-sales-decline-next-year","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2023\/05\/09\/as-switch-momentum-slows-nintendo-expects-further-sales-decline-next-year\/","title":{"rendered":"As Switch Momentum Slows, Nintendo Expects Further Sales Decline Next Year"},"content":{"rendered":"
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\"Nintendo<\/a>
Image: Damien McFerran \/ Nintendo Life<\/em><\/figcaption><\/figure>\n

With the release of Nintendo’s financial results<\/a> for the fiscal year ending March 2023, the company has reported a slowdown in sales for the Switch after missing its original sales target of 21m and barely missing its revised target of 18m, selling 17.97m units between 1st April 2022 and 31st March 2023.<\/p>\n

According to Bloomberg<\/a> (and Japan Times<\/a>), the Switch’s sales are slowing down faster than previously expected. And in a call after the results were published, Nintendo President Shuntaro Furukawa reportedly called this past holiday season disappointing. This year, Switch hardware sales declined overall by 22.1%<\/a>.<\/p>\n

For the fiscal year ending March 2024, Nintendo has lowered its forecast further<\/a>, aiming to sell 15m Switch consoles. That’s down a further 16.5% on FY22\/23’s sales. Analysts predict that despite major software releases such as The Legend of Zelda: Tears of the Kingdom<\/a> in FY 23\/24, the Switch won’t be able to bolster sales in the same ways as in previous years.<\/p>\n