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The Nintendo Switch is arguably the most successful video game system ever. At least for Nintendo, if not for major third-party publishers. Of course, nothing lasts forever and inevitably Nintendo will need to release a new system. Given current market conditions, a major question is will a new Nintendo console with a strong online component for live service games make the PlayStation 5 obsolete?
Switch In Downcycle
Switch sales hit records in both 2020 and 2021. Nevert…..
For the first half of fiscal 2023 that ended 9/30/22, Nintendo reported Switch hardware sales down from 8.3 million units in the previous year period to 6.7 million. In addition, forecasts for the year were lowered from 21 million Switch units to 19 million units.
Despite the decline in hardware unit sales, Nintendo reported an increase in revenue. This was largely due to favorable exchange rates with a strong U.S. dollar compared to the Japanese yen. Neverthele…..
As the first quarter of 2022 comes to an end video game console shortages remain a major issue. Sales potential for both hardware and software has been limited and will remain as an issue throughout the rest of the year. While market growth is still expected, DFC’s forecasts have been lowered in expectation of limited supply.
The latest DFC Intelligence forecasts expect 4% growth in the video ga…..