Sony and Nintendo, which reported their financial results for the financial year ended March 2022, both blamed a shortage of semiconductors for the shortfall in sales in their flagship consoles. their head.
Sony says it shipped 11.5 million PlayStation 5 consoles during the fiscal year. This brings the total number of PS5s sold to 19.3 million units, but is still more than 3 million units short of the company’s most recent target.
Meanwhile, Nintendo reported that combined sales of all three Switch consoles – Switch, Switch Lite, and the new OLED model – fell 20% year-over-year. “Sales for this fiscal year were impacted by shortages of semiconductors and other components,” Nintendo said in its statement, though it also noted that “the March release 2020 of Animal Crossing: New Horizons was the main driver of hardware sales in the last financial year” – alluding to the massive revenue boost the game received during the early stages of the coronavirus pandemic.
However, the two companies gave quite different outlooks for the coming year. Sony is upbeat, telling investors on the earnings call (as reported by VGC) that it feels “very comfortable” in being able to increase PS5 shipments to 18 million units in the financial year ending Oct. March 2023, a significant increase from this year’s operating results. Sure, consumers want to buy consoles yes, if Sony can manage to build them.
However, Nintendo said it expected revenue and operating profit to decline slightly over the next 12 month period. Its statement to investors gave no clear reason for this. Read between the lines, a thin line of software (yes Pokémon Scarlet and purplebut not the delayed sequel to The Legend of Zelda: Breath of the Wild) seems to be the reason.
The age of the Switch could also be a factor. The PS5 is still in the early stages of its journey, while Nintendo’s handheld hybrid is, in fact, at least past the midpoint of its lifespan. If its phenomenal success story has peaked – sales of the console are now over 107 million – then we’ve reached a point where Nintendo investors will start asking what’s next.
However, no one is in too much of a hurry to leave the Switch behind. Nintendo noted in its report that the Switch just had its biggest year ever in terms of software sales on one of its platforms, in terms of unit sales. And though it may not be as successful as New horizonsboth Pokémon Brilliant Diamond and Shining pearls and Pokémon Legend: Arceus performed very well, selling 14.65 million and 12.64 million units, respectively.
Sony also reported strong game sales, with sales last quarter almost doubling from the same period last year, thanks to the release of Horizon: Forbidden West and Gran Turismo 7. PlayStation Plus subscribers and active users in general have seen a slight decline as the lockdown eases the worldwide pandemic.
https://www.polygon.com/23064914/sony-nintendo-quarterly-earnings-financial-results-hardware-shortage Nintendo Switch and PS5 sales held back by chip shortages