Shuntaro Furukawa, president of Nintendo, shared a less than encouraging prediction for the tech world and believes that the global shortage of components will not end as soon as you could wish.
After Intel’s CEO updated his forecast and said that in 2024 the situation will still not be fully normalized, we now have Nintendo’s Furukawa commenting on something similar to the Wall Street Journal.
“There is no end in sight to the semiconductor shortage,” said Nintendo’s president after the recent financial report was revealed.
Nintendo sold over 23 million Nintendo Switch consoles between April 2021 and March 2022, down 20% from the 28.83 million sold in the previous fiscal year, when console sales peaked.
For the current fiscal year, which starts on April 1, 2022, and ends on March 31, 2023, Nintendo expects to sell 21 million consoles, a further decline related to the shortage of components.
When Nintendo announced that it had sold more than 107 million Nintendo Switch consoles, the company preferred to opt for a conservative forecast and go ahead with 21 million as the number of consoles it will sell this fiscal year.
Several analysts say that the company may sell up to 26 million units and is opting for a conservative forecast because of the uncertainties surrounding the supply of components.