Nintendo Switch is an absolute force, and not even a global pandemic can change that. In fact, it appears to have done the opposite. As of just a few months ago, Nintendo told investors to expect 19 million Switch sales during the current fiscal year, April 2020 – March 2021. That would be a healthy amount already, but Nintendo is now expecting to blow it out of the water. In their latest quarterly report to investors, they increased the sales forecast by 5 million.
Switch sales projection increases by 5 million
Nintendo’s new projections have expected Switch sales jumping from 19 million to 24 million, which is a massive increase in expectations. In fact, Nintendo has completely overhauled its financial expectations for the year. The report on June 30 forecasted an operating profit of ¥300 billion (approximately $2.9 billion), but they’re now projecting ¥450 billion ($4.3 billion), or a 50% increase over the previous projection. It’s not hard to see how an extra 5 million console sales could trigger this result.
Interestingly, we can see from Nintendo’s hardware sales that they shipped nearly 7 million Switch units over the past quarter, which is abnormally high outside of the holiday window. This could be partially due to the fact that Animal Crossing and COVID made Switch hard to find after March and Nintendo needed to replenish stock. In total, Nintendo has already shipped 12.53 million Switch units this year, so that 5 million increase seems pretty justified.
Switch Pro hint?
It’s also interesting to note that Bloomberg previously reported that Nintendo had quietly increased Switch production to around 25 million units for the year. After that report, they later claimed that Nintendo would actually increase production further to 30 million, including an upcoming Switch Pro model. Whether or not that is true remains to be seen, but we’re looking forward to finding out more.