Nintendo has not yet updated its current year estimates for Nintendo Switch sales, but the firm did remain rather positive in its overall demand outlook, citing that the console "remains stable in all regions." Even so, as the Nikkei report highlights, "demand for "staying at home" under the new coronavirus is slowing down." Add this to the fact that the future economic prospects are proving rather grim as inflation upends finances globally. The firm's more recent financial results, released earlier this week, prove the Nintendo Switch, despite having surpassed a total of 111 million consoles sold, is starting to wane in sales as the semiconductor shortage takes hold. Still, while it may have a good assortment of hardware and even some renowned Nintendo Switch games on the horizon and in its existing catalog, Nintendo is struggling to maintain its momentum. Read Also: Nintendo eShop Global Closure To Happen Here's Until When You Can Download Your Games and Other Details It launched initially last October 2021 and, as of May 2022, has already sold a whopping 5.8 million units. The firm's bumped-up version, the Nintendo Switch OLED, acts as a beefier version of the base console, utilizing much more screen real estate, a built-in LAN port, and enhanced audio. The aforementioned Nintendo Switch Lite first debuted in 2019 primarily intended for the casual market, given its lighter price tag of $200 and only-handheld mold. As it stands, the company has a grand total of three main Nintendo Switch models, the V2 original with a dock and handheld mode, the upgraded Nintendo Switch OLED model, and the handheld-only Nintendo Switch Lite. Shuntaro Furukawa, Nintendo's president, explained to Nikkei that the current goal is to amend these constraints and ensure the production of the Nintendo Switch remains on track. Thus, there are no internal strategies for the current fiscal year ending in March 2023 to debut any upgraded Nintendo Switch model, not at least until the Japanese video game company can turn around its components deficiency. According to a recent report by Nikkei, the firm is facing a multitude of component shortages for the manufacturing and production of Nintendo Switch consoles. Despite the myriad rumors over the past few months, Nintendo seemingly has no plans to launch a new Nintendo Switch in the foreseeable future.
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