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Nintendo Cuts Switch Outlook Again on Supply, Logistics Jam

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WATCH: The global semiconductor shortage forced Nintendo to cut its Switch sales outlook for the second quarter in a row. Vlad Savov reports.Source: Bloomberg
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Nintendo Co. cut its Switch sales outlook for the second quarter in a row as console makers grapple with a chronic chip shortage that is likely to continue this year.

The Kyoto-based company now expects to sell 23 million Switch units in the fiscal year ending March, down from the previous 24 million. It sold 18.95 million consoles over the past nine months, a 21% drop from the same period a year earlier, and said challenges around semiconductors and shipping may persist.