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Nintendo Lowers Its Switch's Console Sales Target For This Year

Nintendo Lowers Its Switch's Console Sales Target For This Year

Due to the shortage of chips, Japanese video game maker Nintendo lowered its sales target for Switch game consoles this year, reducing it by nearly 20%. However, due to the weakening of the yen, Nintendo revised its annual profit forecast, but its profit was lower than market expectations. Nintendo issued a press release on the 4th after the Japanese stock market announced that due to the shortage of chips and the impact on the production of Switch game consoles, it lowered its sales target. However, due to the weakening of the yen, and the increase in the profitable Switch platform game software Sales target, therefore, the consolidated profit target for this year (April 2021-2022) has been revised from the original 500 billion yen to 520 billion yen (reducing 18.8% from the year), and the consolidated profit target is also revised from the original The estimated 340 billion yen was revised up to 350 billion yen (a year-on-year decrease of 27.1%), and the consolidated revenue target remained unchanged at 1.6 trillion yen (a year-on-year decrease of 9.0%). Nintendo’s revised profit forecast for this year was lower than the 607.9 billion yen estimated by analysts on average. Nintendo will lower its global sales target of Switch series models (normal version Switch + small budget version Switch Lite + OLED version Switch) this year from the original estimate of 25.5 million units to 24 million units, reducing the annual sales by nearly 20% (annual reduction). About 17%); The sales target of game software on the Switch platform has been revised up from 190 million to 200 million.
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