Nintendo Switch sales are slowing down: Will it cut prices?

Nintendo recently announced the report of the last fiscal year. The company expects to sell 15 million Switch game consoles in the fiscal year ending March 2024. This means that sales will fall again by 16.5%. The switch will also face market issues in its seventh year on the market. However, even though the Switch has been around for years, Nintendo President Shuntaro Furukawa said on the company’s earnings call that cutting prices to boost sales is not an option currently being considered.

Furukawa Shuntaro said: “In terms of hardware, the price of some materials has decreased, but the overall cost is still high. We must also continue to consider the impact of factors such as inflation and exchange rates. Production in the previous fiscal year was greatly affected. So we need to make sure we purchase enough parts in advance to ensure stable production. Even if raw material prices drop, it will take time to be reflected in manufacturing costs. Currently, we have no plans to reduce hardware prices this fiscal year. On the other hand, there are also no plans to raise prices, but the yen continues to weaken and procurement costs remain high. So we will continue to monitor the situation closely.”

As of March 31, 2023, Switch sales hit 125.62 million units. Nintendo said that hardware sales fell 22.1% year-on-year to 17.97 million units, lower than its sales target of 21 million units set at the beginning of the year (later revised to 18 million units). Officials said that shortages of semiconductors and other components affected production. Furukawa also said that there is no new or upgraded hardware in Nintendo’s annual plan. This means that we won’t see new Switch models until the second quarter of next year.

Nintendo Switch Sales: An Amazing Success Story

Nintendo Switch has been a massive success since its launch. This hybrid console can be used as a home console or a portable device. It was launched in March 2017 and has been a massive success ever since. The hybrid console has been a game – changer in the gaming industry. It offers a unique gaming experience that combines the best of both worlds – home console and handheld gaming.

The console has sold over 125 million units worldwide, making it one of the best – selling consoles of all time. Let us now take a look at more details of the sales figures for Nintendo Switch. We will also explore the reasons behind its amazing success.

Nintendo Switch Sales Figures

As we said earlier, Nintendo’s financial reports show that the company has sold over 125 million units. This result is as of March 31, 2022. This figure is more than the lifetime sales of GameCube, and it is the fastest – selling console of all time in the United States. The console has been a massive success in Japan, Europe, and other parts of the world as well.