Nintendo, which had lowered its forecast for full-year Switch sales by 6 percent, said it is struggling to meet demand in the end-of-year shopping season as chip shortages disrupt production of the device.
“We cannot produce enough to meet the demand we expect during the upcoming holiday season,” Nintendo President Shuntaro Furukawa told a news conference. The Kyoto-based company revised its Switch sales target to 24 million units.
“Currently, there are no signs of improvement and the situation remains serious, so I can’t say for how long it will continue.”
Second-quarter operating profit fell 32% from the year-ago period to 100 billion yen ($880 million), but the company raised its annual forecast by 4% to 520 billion yen, helped by one yen. weaker.
Sales of the Switch device — five years on the market — fell by a third to 8.28 million units in the six months to the end of September from the same period last year.
There was a smaller year-over-year decline in software sales and Nintendo raised its full-year forecast by 5% to 200 million units.
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