Nintendo has sold 95% of its 89.04 million Switch shipments

Nintendo today announced that its Switch handheld-console family has shipped over 89 million units worldwide, solidifying it as the company's fourth top hardware system of all time.

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As of Q1 FY2022, the Switch has shipped 89.04 million units since it launched in early 2017, and has sold-through a whopping 85 million systems in that time. This ratio means Nintendo has sold 95% of the Switch consoles it has shipped to retailers. The console remains Nintendo's fourth best-selling hardware behind the Wii (101.63), Game Boy (118.69 million), and DS (154.02 million).

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Nintendo shipped 4.42 million Switch consoles in Q1'22, down 11.5% year-over-year from FY21, where it sold a record all-time quarterly high of 5.68 million units. Analysts note that constricted chip supply has led to lower shipments and availability of Switch hardware. The company earned 47.9% of its revenues from hardware in Q1, or roughly $1.31 billion.

The new Switch OLED model is expected to help materially contribute to shipments, sell-through, and overall earnings, but even still Nintendo has delivered a conservative 25.05 million Switch shipment target for the FY2022 period.