Nintendo to Cut Switch Target 20% on Chip Shortage

Bloomberg2021-11-02

Nintendo Co.plans to produce about 24 million Switch consoles for the current fiscal year, about 20% less than originally planned, the Nikkei reported. While demand for the new console is strong, the ...

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The company had originally planned to make about 30 million consoles, a record high, it said.\nThe new Switch got off to a rocky start last month during its debut, suggesting supply constraints were hampering the company’s biggest product launch in years, Bloomberg News reported. The $350 OLED edition sold 138,409 units in the domestic market over its launch weekend, sales tracker Famitsu said, compared with the original Switch’s inaugural weekend sales of 330,637 in 2017.\nA company spokesman confirmed the chip shortage is affecting production. He declined to comment on the reported 24 million figure and said the company is assessing the magnitude of the impact now.\nNintendo said in Mayit was targeting sales of 25.5 million consoles in the year ending March 2022, having sold 28.8 million units in the prior period. 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