The Nintendo Switch is now the third best selling console of all time, surpassing both the PlayStation 4 and Nintendo Game Boy in total lifetime units sold. The third quarter earnings report shows Nintendo reports that the Switch, Switch OLED, and Switch Lite achieved 8.2 million units in combined unit sales between October 1 and December 31 in 2022, bringing the device’s total lifetime unit sales to 122.55 million units since its release in 2017.
This pushes the Nintendo Switch past the combined 118.69 million units achieved by the Game Boy and Game Boy Color and the total of 117.2 million units sold reported by Sony for the PS4. Despite this achievement, Switch sales fell 23 percent compared to the 10.6 million units sold in the same quarter last year. Sales of Switch games were also down 4 percent year-on-year despite the popularity of games like Pokémon Scarlet and Violet, which broke records to become the fastest-selling games in Nintendo history.
Nintendo later lowered its year-end forecasts for both hardware and software sales in the face of these declines, but also announced plans to increase salaries by 10 percent for current and future employees based in Japan. Nintendo President Shuntaro Furukawa said the wage increase will help boost the company’s hiring strength, following similar moves from other large Japanese companies amid an increasingly tight job market.
In August last year, Nintendo reported that Switch console production had been affected by a global chip shortage, which led to lower shipments and overall sales. Production levels appear to have recovered since then, and Nintendo recently predicted that sales would increase through 2023 as a result of increased supply. However, it now appears that the general decline in demand for the Switch may also have contributed to the disappointing sales figures. “The result was weak, and this is a surprise. Hideki Yasuda, an analyst at Toyo Securities, told Bloomberg that the year-end holiday season indicated that hardware sales were not strong despite huge supply, which also dampened software sales.
Big numbers for the portable Nintendo convertible, which may make its arrival to be the most video game device ever possible, as it took the lead for many years PS2 from Sony, with 155 million devices, so does Nintendo do it?