Nintendo lowers Switch console sales outlook due to chip shortage

Nintendo Co. on Thursday lowered its sales forecast for its Switch game console to 24 million units, down 1.5 million units, in the current business year through March due to a prolonged global semiconductor shortage.However, supported by strong demand for games on the popular console, Nintendo upgraded its net profit forecast for fiscal 2021 even though the first half result through September was 19.4 percent lower than a year earlier at 171.83 billion yen ($1.5 billion) on sales of 624.27 billion yen, down 18.9 percent.Referring to the chip crunch, Nintendo President Shuntaro Furukawa sai…READ FULL ARTICLE