Last quarter sales based on vgc where 598k and shipments where 670k, in current quarter sales are on track to be nearly 450k.

How much should we expect shipments to be for the past quart in your opinion?

Our Japan estimates are helped with Famitsu and in the past Media Create as well. The reason for the huge gap is due to imports as you said to mainland Asia, which is why we currently have sell-through on RoW above the shipped figure. Basically Japan and RoW balancing each other out. Europe has a small gap that will shrink down to very little by early next year. It is the Americas that has the biggest gap (ignoring Japan).

I haven't updated the gap, but at the end of June 2026 the gap between shipped and our sell-through estimates were 1.42M WW, 0.58M Americas, 0.27M Europe, 1.57M Japan, and -1.01M RoW. Last as I stated due to imports from Japan.

Nintendo's and Sony's earnings reports are both releasing November 5. As we always do expect adjustments if needed. At this point we want the Switch 1 and PS5 gap between shipped and sell-through to shrink pretty much every quarter. 

First I wouldn't bet the gap between both to be the same each time, so it's wrong to calculate it that way, cuz things change. For example, sales for the quarter before that were 670k and the shipments were 550k. Secondly, even if I had to calculate by this, I can't since September data is not out yet. Third, how did you decide they are on track to be nearly 450k? they are 275k for July and August, they can easily end at 125k in September and finish at 400k. And let's not forget that often times there are adjustments once the quarter report hits. But to answer, I expect quarter shipments to be around 450 to 500k.