Tag: chip shortage

Nintendo cuts net profit forecast as chip shortage hits console sales

Tokyo, Japan (AFP) — Nintendo cut its full-year net profit forecast on Tuesday, saying the global chip shortage and other supply chain problems had hit console sales in the nine months to December. The Japanese gaming giant also trimmed the annual hardware sales forecast for its Switch console to 18 million units from the previous target of 19 million. New games such as “Pokemon Scarlet and Violet” and “Splatoon 3” have performed well, the Kyoto-based […]