Nintendo Expects to Sell 15 Million Switch Consoles in 2023, Says Super Mario Movie Outperformed Expectations

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Nintendo on Tuesday mentioned it sees an additional slide in gross sales of its ageing Swap console to fifteen million models within the fiscal yr to end-March 2024, a 17 % annual drop that will mark a 3rd consecutive yr of decline.

The Kyoto-based gaming agency acknowledged the slowing demand for Swap, now in its seventh yr available on the market, at the same time as provide chain snarls have eased and the corporate bolsters its video games lineup.

“It is tough for Swap {hardware} and software program gross sales to keep up the identical tempo,” Nintendo President Shuntaro Furukawa instructed a press convention, including that he nonetheless sees room for brand spanking new customers to return to the hybrid dwelling/moveable machine.

With Swap gross sales slowing, investor consideration is concentrated on a possible successor to the machine, which has offered greater than 125 million models.

“Based mostly on the steerage, it’s crystal clear the launch of a Swap 2 or completely new piece of {hardware} could be dominated out this fiscal yr,” mentioned Serkan Toto, founding father of the Kantan Video games consultancy.

The sturdy attraction of Nintendo’s roster of characters has been underscored in latest weeks by the field workplace success of The Tremendous Mario Bros. Film, which helps the corporate diversify past its core console enterprise.

The film has outperformed expectations, Furukawa mentioned.

On Friday Nintendo launches The Legend of Zelda: Tears of the Kingdom, probably the most extensively anticipated video games of the yr. Orders for the sport are progressing nicely, Furukawa mentioned.

In the meantime Nintendo mentioned working revenue fell 15 % year-on-year to 504.38 billion yen ($3.73 billion) within the yr ended March. The corporate forecasts revenue will fall 11 % to 450 billion yen for the present fiscal yr.

© Thomson Reuters 2023

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