Nintendo Switch Records Over 1 Billion Games Sold as Sales Slow

 

Nintendo unveiled its full year ending March 2023 report to investors today, revealing how the Japanese company has fared over most of 2022 and into the start of 2023. While most sales needles haven’t moved much since the report in February 2023, which detailed the end of the third quarter in December 2022, one historic milestone was announced—the Nintendo Switch has sold over 1 billion units of software, the first Nintendo console to do so.

 

This also marks the second-only console ever to pass 1 billion software sold, for a total of 1.036 billion units sold, following the PlayStation 2’s mammoth 1.5 billion software sales. This mirrors the Switch’s place behind the PlayStation 2 in console sales as well, with Nintendo confirming that the Switch has now sold 125.66 million units, with a projection of another 15 million to be sold over the next year, down from the 17.97 million units sold over the last year.

 

 

With the Nintendo Switch in its sixth year, gross profit is down 6.4% to 885.4 billion yen (US$6.55 billion) from last year’s 946 billion yen. Nintendo states that this is due to lower sales all around due to the chip shortage at the start of the fiscal year, inflation worldwide and the age of the Switch. 

 

RELATED: Nintendo Switch Overtakes the Playstation 4, Game Boy to Be the 3rd Best Selling Console of All Time

 

Nintendo believes that they will also see a downward trend from 1.601 trillion yen (US$11.84 billion) in the fiscal year 2023 to 1.45 trillion yen in 2024 in net sales due to a likely stabilization of the yen, the continuing aging of the Switch and other reasons. It was noted in the report that these numbers were calculated based on no new hardware released in the next fiscal year.

 

The Nintendo Switch went on sale on March 3, 2017, and has so far only released two major revisions, the Switch Lite, a TV-less version of the console, and the OLED, a version with a nicer screen and more battery life.

 

Source: Nintendo IR Portal

 

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Daryl Harding is a Senior Japan Correspondent for Crunchyroll News. He also runs a YouTube channel about Japan stuff called TheDoctorDazza, tweets at @DoctorDazza, and posts photos of his travels on Instagram.