Technology content trusted in North America and globally since 1999
7,705 Reviews & Articles | 57,138 News Posts

Nintendo Switch hits 4.7 million install base

Nintendo's new Switch console rises to 4.7 million units sold worldwide, but first quarter console sales are down 30%
By: Derek Strickland | Gaming News | Posted: Jul 26, 2017 11:30 pm

Nintendo has sold over 4 million Switch consoles to date, the company reports in its latest financials.

 

nintendo-switch-hits-4-7-million-install-base_51

 

Japanese games-maker Nintendo today announced its first quarter earnings, kicking off its fiscal year with strong earnings momentum on the heels of the Switch's mighty launch.

 

nintendo-switch-hits-4-7-million-install-base_431

 

The company also adjusted the Switch handheld-console's lifetime-to-date sales across the globe to 4.7 million units, showing that the console-maker is almost halfway to its 10 million sales goal for the fiscal year. Nintendo Switch software sales sit at 13.6 million units, meaning most Switch owners have 2-3 games.

 

Despite the growth to 4.7 million units, the Switch has been mired by supply situations stemming from shortages of components like flash memory. Smartphone titans like Apple and Samsung have reserved the lion's share of key components to use in their phones--the very same chips that make power Nintendo's new machine.

 

As a result of the shortages, Nintendo has sold markedly less Switch consoles in its first-quarter period: the company reported 1.97 million units sold in the three-month period from April to June, down a substantial 30% from the Switch's 2.74 million unit sales figure generated in a single month.

 

It will be interesting to see how Nintendo prepares to weather the component storm now that Apple is gearing up for its new 10th anniversary iPhone, however IHS Markit analyst Piers Harding-Rolls predicts supply will remained constrained for the rest of the year.

 

Despite shortages, IHS Markit forecasts 9.5 million Switch sales by the end of 2017.

 

nintendo-switch-hits-4-7-million-install-base_31133

NEWS SOURCES:Nintendo.co.jp

Related Tags

Got an opinion on this news? Post a comment below!
loading