Nintendo lowered its full-year sales forecast for the Switch console by 6% after Thursday’s earnings report.
The Japanese video game company sold 8.28 million Switch consoles in the first six months of FY2021, a 34% decrease year-over-year.
Nintendo had a previous goal to sell 25.5 million consoles this fiscal year but now hopes to offload 24 million units, citing the semiconductor shortage plaguing the tech industry for the modified sales target.
“We can’t produce enough to meet the demand we are expecting during the upcoming holiday season,” said Nintendo president Shuntaro Furukawa. “Currently, there is no sign of improvement.”
Nintendo has taken a hit, like so many companies that rely on chips to make their products.
- Operating profit reached $1.9 billion in H1 2021, down 24.5% compared to H1 2020.
- Net sales were $5.4 billion, an 18.9% decrease year-over-year.
- Software sales hit 93.8 million units in H1 2021, down 6.3% from H1 2020.
Nintendo has sold 92.87 million Switch devices and 681 million units of software worldwide since the console’s release in March 2017.