Nintendo Expects to Sell 15 Million Switch Consoles in 2023, Says Super Mario Movie Outperformed Expectations

Nintendo investors' attention is focused on a successor to the seven-year-old device that has sold more than 125 million units.

By Reuters | Updated: 9 May 2023 17:03 IST

Nintendo Expects to Sell 15 Million Switch Consoles in 2023, Says Super Mario Movie Outperformed Expectations

Photo Credit: Reuters

Nintendo acknowledged the slowing demand for Switch

Highlights

Switch is now in its seventh year on the market
The Super Mario Bros. Movie outperformed expectations
On Friday Nintendo launches The Legend of Zelda: Tears of the Kingdom

Nintendo on Tuesday said it sees a further slide in sales of its aging Switch console to 15 million units in the financial year to end-March 2024, a 17 percent annual drop that would mark a third consecutive year of decline.

The Kyoto-based gaming firm acknowledged the slowing demand for Switch, now in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup.

"It's difficult for Switch hardware and software sales to maintain the same pace," Nintendo President Shuntaro Furukawa told a press conference, adding that he still sees room for new users to come to the hybrid home/portable device.

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With Switch sales slowing, investor attention is focused on a potential successor to the device, which has sold more than 125 million units.

"Based on the guidance, it is crystal clear the launch of a Switch 2 or entirely new piece of hardware can be ruled out this fiscal year," said Serkan Toto, founder of the Kantan Games consultancy.

The robust appeal of Nintendo's roster of characters has been underscored in recent weeks by the box office success of The Super Mario Bros. Movie, which is helping the company diversify beyond its core console business.

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The movie has outperformed expectations, Furukawa said.

On Friday Nintendo launches The Legend of Zelda: Tears of the Kingdom, one of the most widely anticipated games of the year. Orders for the game are progressing well, Furukawa said.

Meanwhile Nintendo said operating profit fell 15 percent year-on-year to 504.38 billion yen ($3.73 billion) in the year ended March. The company forecast profit will fall 11 percent to 450 billion yen for the current financial year.

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The Super Mario Bros. Movie

Release Date 7 April 2023
Language English
Genre Animation, Kids & Family
Cast
Chris Pratt, Anya Taylor-Joy, Charlie Day, Jack Black, Keegan-Michael Key, Seth Rogen, Fred Armisen, Kevin Michael Richardson, Sebastian Maniscalco, Charles Martinet
Director
Aaron Horvath, Michael Jelenic
Producer
Chris Meledandri, Shigeru Miyamoto

The Legend of Zelda: Tears of the Kingdom

KEY SPECS
NEWS

Genre Action-Adventure

Platform Nintendo Switch

Modes Single-player

Series The Legend of Zelda

PEGI Rating 7+

More Nintendo Games

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