NTDOY - Nintendo is said to cut Switch production by 20% on chip shortage

Nintendo (OTCPK:NTDOY) is said to cut production for its Switch gaming consoles to about 24M units for the fiscal year ending in March, 20% below its original plan of 30M. The production has been delayed by shortages of semiconductors and other electric parts even as it sees strong demand for its latest Switch console released last month, according to a Nikkei report. A Nintendo spokesperson told Nikkei that the company is assessing the impact of the component shortage on its production. Recall July, Jefferies cuts Nintendo to Hold after Switch upgrade news.

For further details see:

Nintendo is said to cut Switch production by 20% on chip shortage