Nintendo Co. cut its Switch sales target in the latest response to widespread component shortages and logistics bottlenecks, which it said show no signs of easing.
The Kyoto-based company is now aiming to sell 24 million units this fiscal year, down from the previous goal of 25.5 million units. Nintendo upgraded its full-year operating profit outlook to 520 billion yen ($4.6 billion) from 500 billion yen, though that is still well short of the analyst consensus estimate of 610 billion yen.
