Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

Information about Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

Kevin David


By Sam Nussey
TOKYO (Reuters) -Nintendo Co Ltd 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. Toyota Motor Corp was also an exception on Thursday, cutting its vehicles sales outlook https://www.reuters.com/business/autos-transportation/toyota-second-quarter-quarterly-profit-climbs-2021-11-04 for the year to end-March.
“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 …

Read More on Datafloq

Breaking Story – Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

The Latest News on Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

Source link
Category – Big Data

Leave a Reply

Your email address will not be published. Required fields are marked *