Nintendo’s latest financial results are out, reporting a decline in Nintendo Switch sales compared to last year.
The financial results, released today (August 3), report that the Switch currently sits at a total of 111.08 million units, but yearly sales were down 22.9% compared to the previous fiscal year. A total of 3.43 million units were sold in the three months ending June 30, whereas 4.45 million were sold in the previous year.
“Production was impacted by factors such as the global shortage of semiconductor components, resulting in a decrease in hardware shipments and subsequent decline in overall sales,” Nintendo explained as to why sales are lower. Though it expects that acquiring chips will “gradually improve from late summer towards autumn.” Even with these problems, overall demand for the Switch “remains stable in all regions,” according to Nintendo.