Nintendo on Thursday cut its full year Switch sales forecast by 6% and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device.
While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short of cutting targets.
“We can’t produce enough to meet the demand we are expecting during the upcoming holiday season,” Nintendo President Shuntaro Furukawa told a news briefing as the Kyoto-based company revised down its Switch sales target to 24 million units.
“Currently there is no sign of improvement and the situation continues to be severe so I can’t say how long it will continue,” he said.
Second-quarter operating profit tumbled 32% from the same period a year earlier to 100 billion yen ($880 million), but the gaming firm lifted its annual forecast 4% to 520 billion yen, helped by a weaker yen.
Sales of the Switch device – now in its fifth year on the market – slumped by a third to 8.28 million units in the six months to end September from the same period a year earlier.
www.cnbc.com/amp/2021/11/04/nintendo-cuts-switch-sales-forecast-on-chip-shortage.html
h/t Anon Braveheart
- THAILAND DECLARES DEATH CON 3 ON PFIZER
- SOMETHING HUGE IS COMING
- Israel is forming a military coalition to attack Iran (USA and France are already in)
- Project Veritas was shut down for asking the right questions
- We Are About To See The Biggest Escalation Of The War In Ukraine So Far
- Elon Musk: “It is a serious concern -> The damage done to the credibility of AI by ChatGPT engineers building in political bias is irreparable
- New Zealand Reddit Users Can’t Figure Out Why They Keep Getting More Sick and For Longer: “this time the phlegm is so bad it’s difficult to breathe…
- Don’t Be Stupid – The U.S. Economy Actually LOST 2.5 Million Jobs Last Month
- We Just Witnessed An Economic Sign That Hasn’t Happened Since The Peak Of The Great Depression In 1932
- Rishi Sunak – ‘We want to rewire the entire global financial system for net zero’
Views: 22