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Nintendo Trims Switch Sales Outlook Due to Chip Shortages

  • Company upgrades operating profit outlook citing FX rates
  • Sustaining sales momentum will depend heavily on OLED model
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WATCH: The chip shortage and supply-chain bottlenecks forced Japan’s Nintendo Co. cut its Switch sales target. Vlad Savov reports.Source: Bloomberg
Updated on

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.