Company – chip crisis harms Nintendo – economy

The Japanese technology group Nintendo has sold significantly fewer game consoles due to the ongoing chip crisis. From April to June, 3.43 million, 23 percent fewer switch devices were sold than in the same period last year, said the company, which is known for games based around the cult figure “Super Mario”. Nintendo described demand as stable. Currently, however, production cannot keep up due to a lack of semiconductors. The Kyoto-based company is hoping for an improvement and is sticking to the forecast of selling 21 million consoles in the fiscal year, two million fewer than last year. The Switch has been around for six years, competing with Sony’s Playstation and Microsoft’s Xbox.

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