Nintendo Switch Sales Decline , As Chip Shortage Continues.<br />The Verge reports that Nintendo continues <br />to struggle to meet its Switch production targets <br />due to the ongoing global chip shortage. .<br />The Verge reports that Nintendo continues <br />to struggle to meet its Switch production targets <br />due to the ongoing global chip shortage. .<br />On August 3, Nintendo said the chip shortage contributed to a new 23% decline in console sales to 3.43 million in the second quarter.<br />On August 3, Nintendo said the chip shortage contributed to a new 23% decline in console sales to 3.43 million in the second quarter.<br />Nintendo Switch sales were <br />down 60% to 1.32 million <br />units for the quarter. .<br />Nintendo Switch sales were <br />down 60% to 1.32 million <br />units for the quarter. .<br />Sales for the Switch Lite <br />were down almost 50% <br />to just 0.59 million. .<br />Sales for the Switch Lite <br />were down almost 50% <br />to just 0.59 million. .<br />Software sales <br />were also down 8.6% to <br />just under 41.5 million units. .<br />Software sales <br />were also down 8.6% to <br />just under 41.5 million units. .<br />Nintendo still reportedly expects <br />to sell 21 million consoles <br />by March 2023.<br />Production was impacted by factors such <br />as the global shortage of semiconductor <br />components, resulting in a decrease <br />in hardware shipments and subsequent <br />decline in overall sales, Nintendo, via The Verge.<br />Nintendo said in its earnings release that <br />the company expects chip procurement to , “gradually improve from late <br />summer towards autumn.”.<br />Nintendo said in its earnings release that <br />the company expects chip procurement to , “gradually improve from late <br />summer towards autumn.”.<br />The company has already sold <br />a total of over 111 million <br />Switch consoles.<br />According to Nintendo, "demand remains stable" around the world despite the age of the console.<br />According to Nintendo, "demand remains stable" around the world despite the age of the console
