Nintendo says Switch sales were lower during the holiday season than expected

As we reported yesterday, Nintendo revised their fiscal year projections for total Switch sales downward to 18 million units total. That is a revision of 1 million units, and it appears the culprit is a weaker holiday season than Nintendo anticipated.

According to Nintendo’s fiscal year report, sell-in of hardware units during the third quarter was generally in line with expectations. However, hardware sell-through during the holiday season did not perform as expected, and therefore the unit sales forecast for the fourth quarter has been modified.

Along with that, the software unit sales forecast has been modified as well, largely
due to taking into consideration the modification of the hardware unit sales
forecast.