Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
No Comments
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
February 4, 2022: -Sales of the Nintendo Switch console have surpassed the Wii, but the global semiconductor shortage forced the Japanese gaming giant to cut its forecast for the device.
Nintendo sold 103.54 million Switch units since its release in early 2017 — that’s just less than the 101.63 million units of the Wii sold since its release in 2006. The company no longer produces the Wii.
It’s a significant milestone for the Switch, as the Wii was one of Nintendo’s most popular consoles. However, the Switch still trails sales of the original handheld Gameboy and later generation Nintendo DS.
On Thursday, the company said that in the nine months to the end of December, it sold 18.95 million Switch units, including the handheld Switch Lite. That marks a 21.4% year-on-year fall.
It added that it now expects to sell 23 million Switch units in its fiscal year, which runs to the end of March, down from a previous forecast of 24 million.
Like many other consumer electronics companies, Nintendo has been grappling with a shortage of components, particularly semiconductors that power its devices.
“The outlook for semiconductors and other components has remained uncertain since the start of this financial year, and distribution delays remain unresolved, so production and logistics continue to be impacted,” Nintendo said in a statement.
A lack of semiconductors meant Nintendo couldn’t produce enough consoles to meet the demand for the Switch.
On Wednesday, the cut comes after Sony slashed its full-year PlayStation 5 sales forecast from 14.8 million units to 11.5 million.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
April 08, 2025: France and Germany are delaying progress on the European Union’s proposed digital identity wallet, citing unresolved concerns over data sovereignty,
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
