Canada

Nintendo Expects To Sell 21 Million Switch Consoles This Year technology

The latest forecast represents a 9 percent drop in sales compared to the previous financial year.

Japanese video game maker Nintendo Co said Tuesday it expects to sell 21 million Switch game consoles in the current fiscal year, which began on April 1, down 9 percent year-on-year.

Nintendo sold 23.06 million Switch consoles in the year ended March. That’s compared to the 23 million units the game maker predicted in February.

Demand for the Switch has been boosted by the release in November of a model with an OLED screen, but the upgraded device remains in short supply.

Nintendo, which depends on domestic titles to boost game sales, expects to sell 210 million units of software this year, up from 235 million last year.

The company has a strong pipeline despite postponing the sequel to Legend of Zelda: Breath of the Wild until the spring of 2023, with upcoming titles this year, including Splatoon 3.

Shares of Nintendo rose 5 percent since the beginning of the year and closed unchanged before earnings.