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.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
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
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
