Last week, reports emerged that Nintendo would not be able to ship as many Nintendo Switch units due to component shortages that continue to plague supply chains around the world. Nintendo president Shuntaro Furukawa has now confirmed that supply would be even lower than a previously amended sales target.
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"We can’t produce enough to meet the demand we are expecting during the upcoming holiday season," said Furukawa during a news briefing, as reported by CNBC (opens in new tab). He announced that the Switch's sales target is now 24 million units. According to Nikkei, this is a down significantly from the official target of 30 million set earlier this year. Nintendo lowered that target to 25.5 million (opens in new tab), and now to 24 million, illustrating the struggle that even major companies with massive leverage are having.
"Currently there is no sign of improvement and the situation continues to be severe so I can’t say how long it will continue," Furukawa added.
The slightly updated Nintendo Switch OLED launched last month to good, if muted, reviews. Even then, demand for the unit remains high with systems hard to find. And this is considering that the Switch line of consoles have already sold 89 million units to date.
Serkan Toto, founder of the Kantan Games consultancy, told CNBC that he suspects new buyers aren't buying up the Switch OLED; instead, current owners are upgrading. If that's the case, some may trade in their old Switch units to stores such as GameStop or sell them used online.
We do suspect that used standard Switch and Nintendo Switch Lite models will be available. Unfortunately, next-gen consoles such as the PS5 and Xbox Series X look to continue to be elusive throughout the holidays.