From the C-Suite: Insights and Advice from Corporate Leaders
11/20/2024
No Comments
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
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.
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
The United Kingdom’s economy has experienced a disappointing period of stagnation, contracting by 0.1% in September. This contraction …
Appaloosa Management, a prominent hedge fund led by billionaire investor David Tepper, significantly increased its stake …
The e-commerce giant Amazon has introduced a new discount store offering a wide range of products priced under $20. This …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
